Thu, 05/11/2015
On 19 October new Moscow Exchange listing rules come into force. The rules were amended with additional requirements for securities listing of equities, mortgage participation certificates and bonds.
The new rules are comprised of the following amendments:
- Starting from 1 April 2016, the liquidity requirements for Level 1 equities will change: intraday median volume of trades or the use of two market-makers will be introduced. MOEX will check compliance with the new requirements by the result of the 2nd quarter 2016.
- The requirement of a bond owner’s representative presence for Level 2 and 3 bonds issued without guarantee will be introduced starting from 1 April 2016.
- Level 1 mortgage participation certificates should be applied through a rating from Fitch, Standard and Poor's, Moody's or the Russian rating agency Expert RA.
- Introduction of the new iIM-Prime segment based on securities from the Innovation and Investment Market (iIM), dedicated to innovative and high-tech enterprises with high growth potential.
Contact:
Ksenia Liskina
Relationship Manager
Global Securities Services Russia
Ksenia.Liskina@unicredit.ru