FAS Approved MICEX Merging with RTS
OREANDA-NEWS. September 15, 2011. The Federal Antimonopoly Service (FAS Russia) granted a petition of “MICEX” CJSC on acquiring the rights that allow to determine the conditions of entrepreneurial activities of “RTS” OJSC, on “MICEX” CJSC acquiring 100% voting shares of “RTS” OJSC, 100% voting shares of “RTS Clearing House” Non-Commercial Organisation (CJSC), 100% voting shares of “KTs RTS” CJSC, 97,76% voting shares of “DKK” CJSC, about reorganising “MICEX” CJSC by merging with “RTS” OJSC, reported the press-centre of FAS Russia.
Considering the petition, FAS established that the transactions in question can restrict competition on the market of services for organisation of trading with securities and financial derivatives, as well as on the market of custody services in the segment of account depositories.
Therefore FAS issued a mandatory determination, according to which “MICEX” CJSC, “MICEX Stock Exchange” CJSC, “RTS” OJSC, as well as “NRD” CJSC and “DKK” CJSC can change the existing and fix the new rates tariffs for their services only if they are approved by the clients.
FAS emphasises that such measures will exclude adverse impact of the petitioned transactions.
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