Russia tells banks to supply information on beneficiaries controlling over 1% of shares

All credit organizations in Russia must send information on beneficiaries with over 1% of votes, as ordered by the Finances Ministry, Gazeta.ru reports.

Shareholders have 30 days to give information after receiving a request. The Bank of Russia may ban the right for vote for violating the order. The shares will no longer give opportunities to vote or be part of the quorum.

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