Russian Federation Activities Tender

Due to the failure of the Accepts insurance company hereinafter referred to as the Company by a limited liability company to comply with the requirements of the Bank of Russia and violation of the requirements for ensuring financial stability and solvency by orders of the Bank of Russia No. OD-2650 of October 12 201 and number OD-2651 the implementation of the insurance and appointed temporary administration.The failure of the Company to eliminate the violations of the insurance legislation within the prescribed period was the reason for the withdrawal of insurance licenses by the order of the Bank of Russia dated 10.24.2018 No. OD-2773.The temporary administration within the framework of exercising its authority has established circumstances that give reason to believe that the activities of the Companys officers and other unidentified persons show signs of committing acts aimed at the withdrawal of the Companys assets through the acquisition of illiquid securities the sale of property and the assignment of rights of claim .According to the assessment of the temporary administration the size of the property assets of the Company is insufficient for the fulfillment of obligations to creditors and the obligation to make mandatory payments.In this regard the provisional administration in the Arbitration Court of the Samara region sent a statement on the recognition of the Company bankrupt.Information on operations with signs of criminal acts was sent by the Bank of Russia to the General Prosecutors Office of the Russian Federation the Investigation Department of the Ministry of Internal Affairs of the Russian Federation and the Investigative Committee of the Russian Federation for consideration and adoption of relevant procedural decisions.