The CBR elaborated the draft of the directive which extends the list of foreign stock exchange’s listing, which is a prerequisite for admission of foreign securities to organised trading in the Russian Federation, from 58 to 66.
New added foreign exchanges must meet set selection requirements such as those to be a member of the World Federation of Exchanges (WFE) and/or the International Association of Exchanges of CIS countries, along with membership of the state where the exchange is established in the Organisation for Economic Cooperation and Development and the Financial Task Force on Money Laundering. As a result the NYSE Arca, the NYSE Bonds, Kazakhstan stock and Kyrgyz Stock and others joined the CBR list of associated exchanges.
Contact:
Yuliya Shibukova
Relationship Manager, Global Securities Services Russia
Tel. +7 495 258-7258, ext.3455
Yuliya.Shibukova@unicredit.ru