In January 2016 the Directive of the Central Bank of Russia (hereinafter – the “CBRF”, the “Regulatory body”) on the procedure of conducting audit (inspections) of issuers, shareholders and other participants of corporate relations (hereinafter – the “Directive”) came into force.
Service of CBRF for protecting rights of financial services’ consumers and minority shareholders (hereinafter – the “Service”) upon requests from shareholders (investors) or public authorities shall conduct following kinds of inspections: