Bank of Moscow Gets Timeless FSFR License
OREANDA-NEWS. December 4, 2007. The Russian FSFR has provided MC of the Bank of Moscow with a license of professional participant allowing one to deal with securities on the market of securities for unlimited period.
Such a license proves that the MC of the Bank of Moscow operates in full accordance with the requirements of FSFR specified for managing companies.
Thus, MC of the Bank of Moscow employed 15 top professionals who are provided with FSFR certificates that overpasses the requirements specifying the presence of just 3 certificated employees in the company.
The amount of internal funds of the Bank of Moscow and other financial figures of the company correspond to legal norms of adequacy to limit risks during professional activity at securities market.
Thus, today MC of the Bank of Moscow holds two unlimited FSFR licenses that allow the Company to manage unit investment trusts, non-governmental reserves of pension funds and securities at stock market.
MC of the Bank of Moscow is among leaders on the collective investments market of Russia. MC of the Bank of Moscow manages one interval and 12 open unit investment trusts, and also non-government pension fund assets. The total number of clear unit investment trust assets managed by MC of the Bank of Moscow amounts to RUR 11.035 bln. as of October 31, 2007. The Bank of Moscow owns all the shares (100%) of MC of the Bank of Moscow. Mark "AAA" in individual rating of the National rating agency means the maximum reliability. At year-end of 2006, InvestFunds awarded MC of the Bank of Moscow medal "Leader of the funds attracted to open and interval unit investment trusts" and silver medal for attracting investments on collective investment market among 124 MC of Russia. The winner of the contest "Market of collective investments — 2006" nomination "The Year's break". Also, the MC of the Bank of Moscow is awarded as follows: the winner of the prize "Russian finance elite — 2006", nomination "The most dynamically developing managing company"; the laureate of the prize "Stock market elite — 2006" in nomination "The most dynamic managing company". FSFR license, Russia: 21-000-1-00014 of 04.02.1997 and N 077-08114-001000 of November 16, 2004.
Detailed information about MC of the Bank of Moscow, its managing unit investment trusts, changes in unit investment trusts? prices, investments profitability of various periods, you can see at the sites: www.mmbank.ru/pif, www.mmbank.ru/pif/analitika.
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