Financial markets megaregulator
Financial markets megaregulator
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.