Decision of the Board of Directors of the Bank of Russia on amendments to the type "C" personal account regime of the nominal holder

On June 6, 2025, the Board of Directors of the Bank of Russia made the following decision:

1. To make the following changes to the decision of the Board of Directors of the Bank of Russia dated October 3, 2024 “On the establishment of the type “C” personal account regime of a nominal holder”:

1.1. Subparagraph 1.1 of paragraph 1 shall be supplemented with subparagraphs 1.1.10 and 1.1.11 of the following content:

“1.1.10. written off from the issuer’s issue account;

1.1.11. written off from a treasury personal account opened by a joint-stock company that is an economically significant organization, in connection with the entry into direct ownership of shares of an economically significant organization by persons specified in Part 1 of Article 7 of Federal Law No. 470-FZ of August 4, 2023 “On the Specifics of Regulating Corporate Relations in Business Entities that are Economically Significant Organizations” (hereinafter referred to as Federal Law No. 470-FZ).

1.2. In subparagraph 1.2 of paragraph 1:

subparagraph 1.2.2 after the words “for their crediting” add the words “to the personal account of the nominee holder (the personal account of the nominee holder of the central depository)”;

in subparagraph 1.2.10, the words “specified by the depositor of such depository” shall be excluded;

supplement with subparagraphs 1.2.12 - 1.2.15 of the following content:

"1.2.12. in connection with the automatic conversion of securities of foreign issuers certifying rights in relation to shares of Russian joint-stock companies, including joint-stock companies with the status of an international company, the rights to which are recorded in Russian depositories, into shares of such joint-stock companies in accordance with Parts 13–19 of Article 6 of Federal Law No. 114-FZ of April 16, 2022 "On Amendments to the Federal Law "On Joint-Stock Companies" and Certain Legislative Acts of the Russian Federation" or Parts 15–19 of Article 5 of Federal Law No. 452-FZ of August 4, 2023 "On Amendments to Certain Legislative Acts of the Russian Federation" (hereinafter referred to as Federal Law No. 452-FZ);

1.2.13. in connection with the implementation of the compulsory conversion of securities of foreign issuers certifying rights in relation to shares of Russian joint-stock companies with the status of an international company, into shares of such joint-stock companies in accordance with parts 20–26 of Article 5 of Federal Law No. 452-FZ;

1.2.14. for their crediting to a treasury personal account opened for a joint-stock company that is an economically significant organization, in connection with the transfer to such joint-stock company of shares owned by a foreign holding company, in accordance with Article 6 of Federal Law No. 470-FZ;

1.2.15. for their crediting to the personal account of the nominee holder (the personal account of the nominee holder of the central depository), to another personal account of type "C" of the nominee holder in connection with the termination of circulation of shares of Russian joint-stock companies, including joint-stock companies with the status of an international company, outside the Russian Federation, organized by means of the placement in accordance with foreign law of securities of foreign issuers certifying the rights with respect to shares of such joint-stock companies, if transactions (operations) with such securities of foreign issuers were carried out in accordance with permits issued on the basis of decrees of the President of the Russian Federation, upon provision by the depository, from the personal account of type "C" of the nominee holder of which the securities are written off, of confirmation (assurance) of the existence of such permit and the execution of the transaction (operation) in accordance with it.

2. This decision shall apply from the day of its publication on the official website of the Bank of Russia on the information and telecommunications network “Internet”.

Last page update: 10.06.2025