Bank of Russia restricts trading in foreign securities blocked by global depositories
According to the regulator, the move is targeted at protecting the rights and interests of investors and minimizing their risks.
Russia’s Central Bank has restricted stock trading in foreign securities blocked by international clearance and settlement organizations starting Monday, excluding securities of foreign issuers, whose main activities are based in Russia, the regulator said in a statement on Monday.
"The Bank of Russia has decided to restrict circulation on organized trading of foreign securities blocked by international clearance and settlement organizations starting May 30, 2022, excluding securities of foreign issuers, whose production and economic activities are based mainly in Russia," the statement said.
The move is targeted at protecting the rights and interests of investors and minimizing their risks, the Bank of Russia noted.
Despite the measures introduced by the regulator, the ownership of such foreign securities maintains, whereas trading on such shares will resume after restrictions are lifted, the Central Bank added.
Source
Russia’s Central Bank has restricted stock trading in foreign securities blocked by international clearance and settlement organizations starting Monday, excluding securities of foreign issuers, whose main activities are based in Russia, the regulator said in a statement on Monday.
"The Bank of Russia has decided to restrict circulation on organized trading of foreign securities blocked by international clearance and settlement organizations starting May 30, 2022, excluding securities of foreign issuers, whose production and economic activities are based mainly in Russia," the statement said.
The move is targeted at protecting the rights and interests of investors and minimizing their risks, the Bank of Russia noted.
Despite the measures introduced by the regulator, the ownership of such foreign securities maintains, whereas trading on such shares will resume after restrictions are lifted, the Central Bank added.
Source