Insurers may not disclose information about shareholders that fall under the sanctions

© RIA Novosti / Dmitry to Attachability in photobacteria of the Cabinet of Ministers. Archival photoInsurers may not disclose information about shareholders that fall under the sanctions© RIA Novosti / Dmitry attachability to the photobank

The Russian government has mandated that insurers are not required to disclose information about their shareholders in the case against them was sanctioned, follows from the document published on the portal of legal information.

According to the decree, if a foreign state or structure imposed restrictive measures against persons under the control of which is an insurance company, the insurer is entitled not to reveal information about the structure and composition of their shareholders (participants or members), or disclose it to a limited extent.

The same applies to shareholders and members of the specialised Depository of the insurer against which there are sanctions. In both cases, the insurer is obliged to inform the decision to limit the disclosure to the Bank of Russia.

Insurers may not disclose information about shareholders that fall under the sanctions© Infografiken sanctions against Russia and retaliatory measures

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