NSSMC simplified procedure for opening securities accounts and conducting certain operations for wartime

The NSSMC has decided on the procedure for opening securities accounts and conducting certain operations in the capital markets for wartime.

The NSSMC has significantly simplified the opening of securities accounts for depository institutions and the procedure for concluding agreements for persons who intend to buy government securities. The procedure of identification and verification of clients is carried out by means of mobile communication and / or e-mail. All which is needed is a passport or other identity document in accordance with the law, or data from the Unified State Register of Legal Entities, Individuals – Entrepreneurs and Public Associations.

After the end of the war, depository institutions and investment firms should take actions within 10 working days to complete the full procedure of identification and verification of clients.

The Resolution shall take effect on the day of its publication on the NSSMC’s official website. Its text can be found at the link.