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New rules for placement and circulation of foreign securities in Russia were introduced
Practical Law UK Legal Update 8-386-1993 (Approx. 2 pages)
New rules for placement and circulation of foreign securities in Russia were introduced
by White & Case LLP
| Published on 28 May 2009 • Russian Federation |
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On 29 April 2009, the Russian Government passed a new law revising the legislative regulation of placement and circulation of foreign securities in Russia.
On 29 April 2009 the President signed Federal Law No. 74-FZ on placement and circulation of foreign securities in Russia. The Law entered into force on 16 May 2009.
The Law amends the Securities Market Law and the Law on Protection of Investors' Rights to significantly revise the legislative regulation of placement and circulation of foreign securities in Russia. In particular, the Law amends the rules for:
- Stock exchange listing.
- Placement of foreign securities in Russia.
White & Case will issue a special update soon discussing the amendments introduced by the Law in more detail.