A special recording procedure for certain securities will be in effect until the end of 2025
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14.08.2025
AMENDMENTS ADOPTED TO COUNTERACT THE INFLUENCE OF FOREIGN HOLDINGS ON ECONOMICALLY SIGNIFICANT ORGANISATIONS
Amendments have been made to the Law on the specifics of regulating corporate relations in business entities that are economically significant organisations.
The criteria for classification as economically significant organisations now apply not only to subsidiaries, but also to other Russian companies that are part of the same group of entities as such companies.
Situations have been regulated where a person indirectly owning shares (interests) of an economically significant organisation has not taken direct ownership, and the securities or property rights belonging to him/her have been acquired by a citizen or resident of Russia. In such cases, the acquirer will have to take direct ownership of the shares (interests) before the expiry of the period for which the foreign holding company's exercise of corporate rights in relation to the economically significant organisation is suspended.
It is possible to transfer rights to shares (interests) of an economically significant organisation to one or several business entities created by a court of law, with the establishment of specific features for the exercise of the rights of shareholders (participants).
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