On 2 October 2024, Presidential Decree No. 840 instructed Russia’s Central bank to introduce a regulatory framework for new Type S custody accounts to be opened by Russian depositaries directly with Russian registrars, and specify which Russian securities are to be kept on such New S Accounts.
Pursuant to Decree No. 840, the CBR’s Board of Directors introduced the relevant new rules for transactions involving the New S Accounts.
Read in detail in the alert at the link:
