The Central Bank of Russia has cancelled the depository licence of professional securities market participant IK Title Broker LLC, citing non-compliance of the firm’s securities market transactions with special economic measures established under Russian presidential Executive Order No. 138 of 3 March 2023. The licence becomes null and void from 11 April 2025. The firm must cease depository activity except for operations needed to settle obligations to clients arising from its depository business, and must ensure clients’ assets are returned by 11 August 2025.
Central Bank of Russia 2025-04-11
Central Bank of Russia cancels IK Title Broker’s depository licence for breaching special economic measures on securities trading
The Central Bank of Russia has revoked the depository licence of IK Title Broker LLC due to non-compliance with special economic measures under Executive Order No. 138. The licence is void from 11 April 2025, and the firm must cease depository activities, ensuring client asset returns by 11 August 2025.