Pyotr Lomakin, head of the department for monitoring the behavior of securities market entities and collective investments at the Bank of Russia, said that the Central Bank of the Russian Federation may begin testing a mechanism for separating securities of issuers with a low level of information disclosure in just a few months.
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Discussions have been ongoing since mid-May on how to list companies that do not disclose information on such exchanges. And now they are directly looking at the introduction of value marking.
“In principle, the story, in my opinion, is not very complicated and can be implemented quite quickly, literally in a few months,” RBC quotes Peter Lomakin directly from “on the sidelines of the Invest Weekend forum.”
The reason for the “separation” will be the level of disclosure “below a certain minimum that protects investors’ rights to information” (this minimum is also still under discussion).
The exact timing will depend on negotiations between the regulator, issuers and companies. The Central Bank needs to “find the dividing line” between the interests of all parties, added the RBC interlocutor: “We need a discussion both with the community of experts and with issuers. “We need to strike a good balance.”
At the same time, the head of the supervisory board of the Moscow Stock Exchange, Sergei Shvetsov, is confident that securities of issuers with a large state participation should also be highlighted, since they have “corporate governance features” that may not be taken into account. take into account the interests of minority shareholders.
Author:
Ekaterina Alipova
Source: RB
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