Capitals Market

Receipts of international companies are converted into shares

19 сентября 2023

Банк России установил порядок автоматической конвертации депозитарных расписок международных компаний в акции.

The assets of Danone and Baltika companies have been placed under temporary administration by the Federal Agency for State Property Management (Rosimushchestvo)

17 июля 2023

The law firm "Nadmitov, Ivanov and Partners" has prepared a review of the Decree of the President of the Russian Federation No. 520 concerning the assets of Danone and Carlsberg (Baltic).

Clearstream announced the suspension of conversion of American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) into shares of Russian companies.

3 июля 2023

On June 27, 2023, Clearstream announced the suspension of processing new client instructions for the conversion or cancellation of ADRs and GDRs into shares of Russian companies. The Luxembourg-based clearing center justified its decision with the amendments made by the EU Council on June 23, 2023, to Article 6b(5a(a)) of EU Regulation No. 269/2014.

Euroclear will resume operations with some Russian securities

15 июня 2023

On June 12, the international depository Euroclear announced the resumption of clearing operations with five Russian securities.

The list of documents for an individual securities unblocking licence

29 ноября 2022

The Bank of Russia has sent a letter to professional market participants with a list of documents needed to apply independently for an individual securities unblocking licence.

Unlocking Euroclear and ClearStream securities

21 октября 2022

In March 2022 Euroclear and Clearstream imposed restrictions on transactions with securities held with the National Settlement Depository ("NSD"), as a result of which Russian holders of foreign securities, and foreign holders of Russian securities lost the ability to trade (sell), receive dividends and coupon payments on them.

Extended period for forced conversion of depositary receipts (until November 10, 2022)

21 октября 2022

In accordance with the Information of the Central Bank of the Russian Federation, investors will be able to apply for the forced conversion of depositary receipts into Russian shares until November 10, 2022 (inclusive). Prior to the adoption of the extension law, the deadline for applications was October 11, 2022. An additional month also is an option for those who want to transfer domestic securities from a foreign depository to a Russian one by force. The corresponding law was signed by the President of Russia.

Decision of the Central Bank of Russia on limiting the circulation of foreign securities

30 мая 2022

The Bank of Russia has taken a decision to limit the circulation of foreign securities blocked by international settlement and clearing organizations in organized trading

Access to foreign capital markets becomes easier for Russian companies

18 ноября 2021

Russian companies will now be able to offer any number of their shares both on the foreign and on the Russian market