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There has been established the procedure for admission of foreign issuer's securities to public turnover in the Russian Federation


There has been established the procedure for admission of foreign issuer's securities to public turnover in the Russian Federation
2010-04-15 08:00

NEWS OF THE FEDERAL LEGISLATION

There has been established the procedure for admission of foreign issuer's securities to public turnover in the Russian Federation

By the Order of the Federal Service for Financial Market of Russia N 10-20/pz-n of March 23, 2010 (document is in Russian), there has been approved the Procedure for registration of prospectus of foreign issuer's securities and admission of foreign issuer's securities to placing and (or) public turnover in the Russian Federation under decision of the federal executive authority on securities market. This Procedure shall be applied to foreign issuer's securities, which may not be admitted to public turnover in the Russian Federation on grounds of decision of the Russian stock exchange in accordance with article 51_1 of the Federal Act "On securities market" (document is in Russian). The Procedure has established the obligatory terms of admission of foreign issuer's securities to placing and public turnover in the Russian Federation, special features of registration of prospectus of foreign states obligations, list of documents submitting to federal executive authority on securities market, and requirements to composition of information including to this documents.
 
The Order has been registered in he Ministry of Justice of the Russian Federation N 16867 of April 12, 2010 and has been published in the "Russian Newspaper" N 78, April 14, 2010.


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