Russians will have limited access to Cyana, Ozon, FixPrice and Okay securities starting in January

Securities (shares, bonds and depositary receipts) of quasi-foreign companies Cian (CIAN), Etalon group (ETLN), Fix Price (FIXP), Ozon (OZON), RosAgro (AGRO), Okay “group of companies (OKEY) and “Qiwi” (QIWI) will be available only to qualified investors. This status can be obtained from a broker, forex broker or management company. Additionally, securities will be transferred (except Qiwi). to the third level of quotation (values ​​not included in the quotation lists).

“Starting from January 3, 2025, the Moscow Exchange will limit the circulation of a number of foreign securities only among qualified investors and will change their labeling in connection with regulatory requirements,” the exchange said in a statement. The requirements are contained in the Directive of the Bank of Russia No. 6885-U and Regulation No. 534-P “On the admission of securities to organized trading.”

Non-qualified investors (other Russians without admission) will be able to sell previously acquired securities or continue to hold them in their portfolios.

The requirements do not apply to instruments that are traded on the exchange’s derivatives market at the current date, so there will be no changes in relation to them, the exchange clarified.

The Bank of Russia explained that it is necessary to tighten the rules to protect unqualified investors from sanctions by hostile countries.

“Ozono” has already started the process of moving from the island of Cyprus to the Kaliningrad region, writes RB.RU.