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MIL OSI Translation. Region: Russian Federation –

Source: Central Bank of Russia – Central Bank of Russia –

The Bank of Russia has developed a procedure and determined the timing of payment of funds from an individual investment account (IIA) of the third type in the event of a special life situation. Document published for public comment.

By law, an investor can withdraw money from an open IIS without terminating the contract if he needs funds to pay for expensive treatment. List of species This treatment is approved by the Russian Government.

To receive a payment from the account, the client must submit an application to his broker, manager or management company of the open-end mutual investment fund. The application should be accompanied by a copy of the contract for the provision of medical services, as well as a document issued by a medical organization with information about the need for expensive treatment and its cost. It is expected that the processing time for the application will be two business days. The required amount is credited to the account of the medical organization no later than three working days from the receipt of the application and a complete set of documents.

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Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)