Consultation documents are only available on RUS CB website until comment deadline.
Summary
The main objective of the proposed ordinance to establish the procedure for obtaining a license by an insurance company licensed to carry out voluntary life insurance.
As well as a management company license to carry out activities for the management of investment funds, unit investment funds, and non-government pension funds.
All in connection with changes in the legislation of insurance companies to carry out the activities of a management company for the purpose of carrying out life insurance.
In addition, the ordinance introduces legal as well as technical changes related to improving the admission procedure taking into account the established practice.
Effectiveness
Comments and suggestions are expected by Mar. 26, 2024 and is expected to enter into force on Jan. 1, 2025.
Sep. 2024 Ord Issued
On Sep. 17, 2024, RUS CB published ord 6750-U amending regulation 798-P on the procedure by RUS CB of types of professional activities in the securities market.
The ordinance enters into force on Jan. 1, 2025.
Regulators
RUS CB
Entity Types
Ins; Inv Co; Pension
Reference
PR 9/17/2024; Ord 6750-U, 17/6/2024; CP, 3/12/2024; Reg 798-P, 7/29/2022;
