05.07.2022 18:55 / TASS
The State Duma adopted a law on tax support measures for citizens and businesses The State Duma adopted in the third, final reading a law on a set of measures for tax support of citizens and businesses in the face of sanctions pressure. The document was initiated by the government of the Russian Federation.
05.07.2022 18:51 / TASS
The State Duma adopted a law on the merger of the PFR and the FSS The State Duma at a plenary session on Tuesday adopted in the third reading a bill on the creation of a unified Pension and Social Insurance Fund (Social Fund of Russia), as well as a package of related initiatives, including amendments to the Tax and Budget Codes of the Russian Federation.
05.07.2022 18:41 / TASS
Duma passes IPO/SPO bill in second reading The State Duma adopted in the second reading a bill aimed at developing the institution of public placement of securities on the Russian financial market. The document, which amends the law "On combating the misuse of insider information and market manipulation," was initiated by a group of deputies and senators headed by Anatoly Aksakov, chairman of the State Duma committee on the financial market.
17.05.2022 16:18 / TASS
Central Bank to launch cybersecurity education course The Bank of Russia will launch an educational course on cybersecurity in the 2023-2024 academic year at the Higher School of Economics (NRU HSE), announced Head of the Central Bank of the Russian Federation Elvira Nabiullina, speaking at Junior Pay Tech Forum 2022.
19.04.2022 16:49 / The Bank of Russia
Russian issuers to close foreign depositary receipt programmes A ban on issuing and trading in foreign depositary receipts for Russian issuers’ shares will come into effect on 27 April 2022.
15.04.2022 16:36 / TASS
The Central Bank of Russia rolls out new support measures for the financial sector The Central Bank has prepared a new series of measures to support the Russian financial sector, the regulator said in a release. The CB allowed banks until the end of the year to postpone the formation of reserves for possible losses in respect of assets that have been blocked abroad.
Russian stock exchanges to maintain listing of securities of multinational companies headquartered in Russia if they are delisted abroad
23.03.2022 13:08 / The Bank of Russia
In addition to the measures previously described in a press release, dated 6 March 2022, for keeping securities in quotation lists, the Bank of Russia established a grace period until 1 January 2023 for foreign issuers to comply with other requirements set by Annex 2 to Bank of Russia Regulation No. 534-P, dated 24 February 2016, ‘On Securities Admittance to Organised Trades’.
Also, the Bank of Russia has determined a grace period to comply with the requirements for the net asset value of unit investment funds in order to keep investment units of these funds in the quotation and stock exchange lists until 1 January 2023.
This information has been communicated by the Bank of Russia to the trading authority.
The implementation of these measures will allow foreign issuers, including those having a major part of their business in Russia, and unit investment funds whose securities are on the Russian stock exchange list to maintain the listing and the current level of listing.