The Bank of Russia does not see the need to introduce restrictions for investors in transactions with shares of companies that have recently gone public. This is reported by RBC citing the words of Olga Shishlyannikova, director of the department of financial investment intermediaries of the Central Bank.
Author:
https://rb.ru/author/ntihonov/
Subscribe to RB.RU on Telegram
On October 8, the Moscow Stock Exchange asked to tighten requirements so as not to “stretch” liquidity between different market segments.
Shishlyannikova explained that the new titles are not much different from the shares that have been sold for a long time on the stock exchange. Therefore, according to the Central Bank, no separate decisions should be made in this regard.
The Bank of Russia also reminded that the investor has the right to carry out transactions in the over-the-counter market, with or without an intermediary.
The Moscow Exchange explained the day before that at the time of liquidity formation (when starting an initial public offering), it cannot be “extended” to over-the-counter groups.
“The ‘spreading’ of shares among various groups “has a rather negative impact on liquidity,” said Boris Blokhin, head of the Moscow Stock Exchange.
Earlier this week, the Bank of Russia suggested that listed companies should disclose the planned indicators of business development for the coming year. A representative of the regulator explained that the disclosure of said data would impose on companies the obligation to comply with the declared forecasts.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
