New requirements for disclosure of the ownership structure of professional capital market participants are in force now

On 01 February 2026, the Regulations on the ownership structure of legal entities, the procedure and conditions for obtaining NSSMC approval of a qualifying holding in professional participants in capital markets and organized commodity markets came into force.

The document sets uniform requirements for the ownership structure of two categories of legal entities: those seeking approval of a qualified holding and those that are getting a license. In particular, it provides for:

● setting requirements for the ownership structure, disclosure, and business reputation of legal entities that are applying for a license or already have one, as well as legal entities and natural persons with a qualified holding or the intention to acquire or increase it;
● specifying a procedure and conditions for obtaining NSSMC approval of a qualified holding in a professional participant, as well as for the intention to acquire or increase it;
● clarifying that the licensing conditions for professional activities in capital markets and organized commodity markets apply only to the extent that they do not conflict with these Regulations.

We would like to remind you that professional participants in capital markets and organized commodity markets are required to bring their ownership structure into compliance with the established requirements within one year from this date (01 February 2026).