The NSSMC has revoked the certificate of depository activity

At its meeting on September 30, 2021, the NSSMC (National Securities and Stock Market Commission) adopted a precedent resolution to revoke the certificate for the right to perform actions related to the implementation of professional activities in the stock market on depository activities.

The NSSMC found that when submitting a package of documents to obtain a certificate from the regulator, inaccurate information was provided regarding employment in the stock market. The mentioned violation is the basis for revocation of the certificate.

The resolution was adopted in accordance with subparagraph 2 of paragraph 1 of section V of the Regulation on Certification of Specialists on Capital Markets and Organized Commodity Markets, approved by the NSSMC’s resolution №1464 as of August 13, 2013.