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The Central Bank of the Russian Federation wants to make it mandatory for NPFs to identify conflicts of interest from January 1, 2025
Bank of Russia It is hoped that non-state pension funds (NPFs) will be forced to identify and manage conflicts of interest from January 1, 2025. This was reported in website Central bank.
The regulator has drawn up draft requirements aimed at protecting the interests of depositors and insured persons. The document defines rules for identifying conflicts of interest and describes specific situations in which conflicts of interest may arise.
The central bank has tasked the NPF to prevent such incidents from happening and to enforce the preservation of relevant records of information.
The regulator clarified that the requirements put in place are similar to those applicable to professional players and management firms.
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