Clearstream plans to open a direct account with Russia’s new central securities depository (CSD) by year end, following the creation of the entity earlier this week.
Russia’s National Settlement Depository (NSD) has submitted the last set of documents required for obtaining the status of a central securities depository from the Federal Financial Markets Service (FFMS).
The Moscow Stock Exchange is looking at launching foreign equity futures for Russian investors.
“First move” foreign investors, such as hedge funds, have started buying into the Russian local bond market, following the approval of Euroclear by Russia’s Federal Service for Financial Markets (FSFR) to offer services for a range of Russian debt securities.
Last weekend, 17 firms from Russia’s financial sector attended a fishing competition for qualified investors, the first corporate event of its kind in the country.
Russia’s securities regulator, the Federal Service for Financial Markets (FSFM), has recently adopted a new legislation for foreign issuers wanting to place or publically circulate securities in Russia.