On cancelling licence of management company

Due to the repeated violations of the Russian investment fund legislation, on 28 July 2015, the Bank of Russia took a decision to cancel Licence No. 21-000-1-00819, dated 30 June 2011, issued by the Federal Financial Markets Service to the closed joint-stock company AMС Finance (hereinafter, the Company).

Within a year the Company repeatedly failed to comply with Bank of Russia instructions and violated requirements to information disclosure envisaged by federal laws and regulations of the Russian Federation when conducting the licence-based investment fund, unit investment fund and non-governmental pension fund management.

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28.07.2015 00.00.00