RUS GVT Securities Market Law


On May 29, RUS GVT issued law amending articles 3, 5


  • RUS GVT published law 120-FZ on amendments to articles 3 and 5 of the law on the securities market.
  • The law sets procedure for professional participants in the securities market to share information on an individual and their expenses re acquisition/storage of securities.
  • The federal law was adopted by the State Duma on May 21, 2024 and approved by the Federation Council on May 22, 2024, and finally signed by President on May 29, 2024.
  • Effectiveness
  • The law enters into force on Jan. 1, 2025.

Regulators RUS GVT
Entity Types B/D; Depo; Inv Co
Reference PR, Law 120-FZ, 5/29/2024
Functions Financial; Market Conduct; Operations; Privacy; Reporting; Risk; Trade Reporting; Trading
Countries Russia
Category
State
Products Custody; Fund Mgt; Securities
Regions EMEA
Rule Type Final
Rule Date 5/29/2024
Effective Date 1/1/2025
Rule Id 213971
Linked to N/A
Reg. Last Update 5/29/2024
Report Section International

Last substantive update on 06/03/2024