The Bank of Russia expanded the restriction on transactions with blocked securities of foreign issuers. The measure will be in force until April next year and is designed to protect the interests of investors.
The regulator announced the extension of the restrictions on its website. The decision refers to assets that have been blocked by international depositories.
“Brokers, in turn, do not have the right to accept and execute instructions from clients to carry out transactions with such securities on the exchange market,” the Bank of Russia emphasized.
The restriction does not apply to the securities of companies that carry out their main activities in Russia. These include, for example, X5 Group, Yandex, Globaltrans.
The owners of the blocked securities will remain their owners, the regulator said.
In May, the Bank of Russia issued an order to limit trading on the stock exchange with securities locked in international deposits. This affected the trading of securities of 990 companies.
Author:
Kirill Bilyk
Source: RB
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