Moscow Exchange opens stock market for “friendly” non-residents – Moscow |
Moscow. 12-th of September. INTERFAX – Non-residents who demand the opportunity to work on the Russian securities market since the end of February are returning to it on Monday – but only partially. The expectations of market participants have become calmer, which a month ago feared a significant drawdown due to the emergence of an overhang: the partial restart of trading on the bond market that has taken place since then has not been accompanied by massive sales.
Moscow Exchange (MOEX: Moscow Exchange) from September 12 provides an opportunity to make transactions on the stock market for non-residents from friendly countries, as well as for non-residents under the control of Russian legal entities or individuals.
In addition, the next was the achievement of the most important repos with the Central Committee with shares and bonds.
Non-resident clients associated with unfriendly states of the state have led the supervision of the highest legal or natural person responsible for the execution of a share transaction, in addition to risks and a number of risky enterprises. The list of such companies, which are subject to the effect of transactions by non-resident clients aimed at controlling Russian persons, is published on the exchange’s website, currently it includes 53 shares (ordinary and preferred).
Opportunity to be non-resident children from friendly countries, as well as non-residents, end beneficiaries meeting on Russian faces, to make transactions on the Moscow Exchange wholesale market in Dubai from August 15. According to the Central Bank of the Russian Federation, the admission of categories of signs is not found on the dynamics of income, and their OFZ sales in August amount to only 0.02 billion rubles.
From August 8, professional participants (banks, brokers, management companies) began to register non-resident clients on the Moscow Exchange. The provision includes the obligatory identification of clients and their controlling persons, as well as the exclusion of additional information about clients during their registration or in the registration of changes in the data provided during registration. The obligation to verify which country a foreign client is a resident of, and the responsibility for the relevance and high degree of information discovery, identification for registration of clients and making changes to previously submitted patient information, is entrusted to brokers and CMs.
The same categories of non-residents from August 8 received admission to the derivatives market “Mosbirzhi”. Admission to the market for shares and shares, also expected on August 8, was postponed after the decree of the President of the Russian Federation of August 5, as there was a high additional adjustment of exchange systems.