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Russia: Updated list of financial market organizations for CRS purposes

Russia: Financial market organizations for CRS purposes

The Russian Federation’s tax authority updated a list of organizations that may be classified as “financial market organizations” for common reporting standard (CRS) purposes and to include “electronic money operators.”

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However, an organization that maintains the register of securities’ owners will not be classified as a financial market organization.
 

Read a November 2019 report [PDF 79 KB] from KPMG LLP

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