MIFC: Key Facts

A source of basic facts about the International Financial Centre in Moscow

Task Assignments

06.12.2011 / Moscow

Task Assignments given by the President of the Russian Federation following the MIFC International Advisory Board session
on 28 October 2011.

Events Calendar

May 2019

Media Coverage

29.01.2014 / Interfax

Russia #3 Worldwide in Foreign Direct Investment

FDI in developing and transitional economies hit record highs in 2013, according to United Nations Conference on Trade and Development (UNCTAD) report.

06.04.2013 / Kommersant

Central Bank Builds Financial Center

FFMS merger with the CB will significantly improve regulation – as expected by reform participants and instigators alike. Yesterday the Bank of Russia, FFMS and Minfin reps made a public presentation of the financial megaregulator, as the process has entered implementation stage. In the meantime, MIFC mastermind Alexander Voloshin sees the future unification of oversight as a key milestone for Moscow as International Financial Center.

29.01.2013 / Interfax

MIFC Location to be Determined by Workgroup

Russian Prime Minister Dmitry Medvedev is planning to establish a workgroup to determine the location of Moscow International Financial Center (MIFC) infrastructure.

Our progress / Hot Topics

Trading infrastructure

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CB to Impose Total Reporting on Forex Dealers

21.05.2015 12:00 / Vedomosti

In October, the Central Bank will impose on Forex dealers a mandatory requirement to keep records of the entire progress for all trades and report it to the regulator, according to a new Bank of Russia draft regulation as quoted by Vedomosti and Kommersant.

The draft stipulates that the internal records of a Forex dealer must contain exhaustive information on counterparties, quotes, bids, cash receivables, debts, collateral, financial results of contracts, etc.

The bookkeeping system must allow instant reporting to the regulator. Forex dealers also have to store records for five years after the execution, termination or annulment of contract.

The Central Bank requirements will enable Forex dealer clients to defend their rights in court in the event of contract dispute.

The key provisions of the Forex Market Act, signed by President Putin on 30 December 2014, will be enacted on 1 October.

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