As of 29 March 2024, the following additions were introduced to the application form for permission to carry out a transaction / operation or a group of transactions / operations within the framework of the activities of the the Governmental Commission for Control of Foreign Investments in Russia (Commission) for permission issuance:
Information on Subsidiary Business Companies: Details about the existence of subsidiary companies.
Financial Obligations: Information on the financial obligations of the company to the parties involved in the transaction and their affiliated groups.
Commercial Courts Decisions: Information on any decision by the Commercial Courts regarding the suspension of corporate rights and / or the establishment of interim measures in respect of a foreign holding company
Economically Significant Organizations: Information on whether the company is included in the list of economically significant organizations.
Preliminary Approvals: Information on any preliminary approvals, authorizations and / or consents obtained from state bodies and the Central Bank of Russia.
KPI Setting Period: Key performance indicators (KPI) must be set for a period of three years.
Assessment Report Deadline: The report on the assessment of the subject of the transaction (operation) must be prepared no more than six months prior to the date of the Commission meeting.
Updates Requirement: A requirement to update the assessment report, if necessary.