The market infrastructure has announced the following measures to control the market’s volatility:
- MOEX is holding discrete auctions for shares and depository receipts in case of a deviation of the current price by more than 15% from the closing price of the previous day on February 24 and 25.
- MOEX has cancelled the morning trading session on the equities and derivatives markets on February 25 and 28.
- The Central Bank of Russia (CBR) has imposed a ban on short shelling for on-exchange and OTC transactions effective February 24.
- No further updates have been provided by the CSD.
Besides, the CBR has announced temporary changes to the operation schedule of its payment system on 24, 25 and 28 February and 1–5 March 2022. Accordingly, on 24, 25 and 28 February 2022 and 1, 2, 3, 4 and 5 March 2022, the regular session will run from 1.00am to 10.00pm (Moscow time) with the settlement window running from 9.00pm to 10.00pm. Further, the final session will run from 10.00pm to 11.00pm.
The CBR has also announced that its payment system will be available on February 26 and 27.
Impact on investors: Clients should take note of the above information.