CBRF license
To conduct business in the financial markets of the Russian Federation, it is necessary to obtain a special license.
UNDER THE LEGISLATION OF THE RUSSIAN FEDERATION A LICENSE IS REQUIRED TO:
- brokers
- companies involved in depository activities
- various dealer organizations
- companies managing securities
It is possible to conduct several types of activities, however, each type of activity must be licensed in accordance with the law.
LICENSING
Licenses for working on financial markets are issued by the Central bank of Russia. The main task is to regulate and control the operation of financial markets on the territory of the Russian Federation.
FEATURES OF A BROKERAGE LICENSE
A broker is an intermediary that conducts transactions with securities in the name of and on behalf of a client.
Brokerage activities are subject to mandatory licensing, issued to both an individual and a company.
The Central bank of Russia puts forward a number of requirements that must be met in order to obtain a license.
It is important to note that brokerage has its own subtleties, so in order to be sure, please contact our specialists for the detailed advice.
WHAT YOU NEED IN ORDER TO GET A LICENSE
As a rule, the Central bank of Russia puts forward a number of requirements that must be met if you want to conduct brokerage activities.
There are two main requirements:
1. MONETARY ASSETS
Depending on your activity, the amount of your own monetary assets varies from 10,000,000 rubles to 60,000,000 rubles.
So, for brokerage activities, the amount is 10,000,000 rubles, for depository activities – 60,000,000 rubles.
2. STAFF
- Director
Certificate 1.0. is needed.
No criminal record.
Possibility to combine positions.
Work experience - Controller
Certificate 1.0. is required.
No criminal record.
Work experience from 2 years.
Profile education.
Combination of positions is excluded. - Employees
Qualification certificates
Possibility to combine jobs
There are requirements for the number of employees depending on the license
OBLIGATIONS OF BROKERS
- All assignments are carried out personally
- It is necessary to inform the client in writing about all possible risks in the securities market
- Need to keep records of ongoing transactions
- All damages must be covered in accordance with applicable law
FEATURES OF DEALER ACTIVITY
- Buying and selling securities
- Operations are carried out at the expense of the dealer and in his name
- Announcement of purchase and sale prices and execution of transactions at declared prices
- License term — 3 years
- Dealer activities can only be carried out by a legal entity
FEATURES OF SECURUTIES MANAGEMENT
Securities include stocks and bonds.
- Management is carried out by companies and individual entrepreneurs
- Securities are at temporary disposal
- License term — 3 years
- It is possible to carry out it along with brokerage and dealer activities
If you plan to engage in activities related to the securities market, please contact our specialists for professional advice. We will help you obtain the required license as soon as possible.
Oleg Venediktov
General counsel of VIP Departament
Also, our company provides licensing services for various types of activities
You can get additional information by phone:
+35725263434 or email: assist@legalawyers.com
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