from market representatives to lift the phone number database ban on combining the positions of chief accountants and deputy chief accountants of insurance, management and microfinance companies in other financial organizations.
Another proposal is to add a criterion
of unsatisfactory business reputation if a person has acquir more than 10% of shares (stakes) without the consent of the Bank of Russia. Unfortunately, there are cases when shares (stakes) are acquir without the consent of the Bank of Russia. The Bank of Russia sends such persons an order demanding a ruction in the share of participation in the authoriz capital to an amount not exceing 10% of shares (stakes)
The termination of control over
The shareholders (participants) of the financial institution. If the order is not compli with within 90 days, the Central Bank has the right to go to court. But the judicial procure is complicat and time-consuming. If we include this as a criterion of unsatisfactory business why is this important for the parties? reputation, then we believe that this will stop everyone from conducting such transactions without the prior consent of the Bank of Russia. It is unlikely that anyone ao lists would want to end up in the “black database” bas on the fact that they did not receive the regulator’s consent for the relevant transaction.
