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General Director of IRC joins the Committee on Standards for the Operations of Registrars under the Bank of Russia


Vadim Protasenko, General Director of Independent Registrar Company (IRC), has joined the Committee on Standards for the Operations of Registrars under the Bank of Russia. The first meeting of the Committee will be held on December 21, 2016.

The Committee comprises 17 persons representing the Central Bank, the Ministry of Finance, the PARTAD, the National Finance Association and a number of registrars.

The Committee on Standards performs the following functions: 
> it develops proposals on areas for the development of financial institutions; 
> it obtains approval for basic standards developed by self-regulatory organizations on the financial market that unite registrars (hereinafter referred to as self-regulatory organizations); 
> it examines draft federal laws and other laws and regulations of the Russian Federation and regulations of the Bank of Russia governing relations arising in the course of operation of financial institutions.