RTS Changed Rules of Admission to Trading for Clients Non-Residents
OREANDA-NEWS. May 05, 2011. Starting from May 6, 2011 the rules of admission to trading for non-residents will be changed in accordance with the order No 10-78/pz-n "On approval of Regulation on Organization of Trade on the Securities Market" as of December 28, 2010 issued by the Federal Financial Markets Service.
New rules for non-residents is a substantial step forward in meeting needs of foreign investors, due to allowing assignment of an individual participant’s code to each client who is non-resident. Assigning codes will allow non-residents registered with same participant to trade with each other as well as this will simplify Participant’s accounting procedures for such clients.
RTS Stock Exchange technical platform has been ready for changes since April 29, 2011.
Form of application for opening a client’s section in the Clearing member’s register has also been changed due to implementing new version of the rules.
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