New Rules for Admission to Trading Comes into Force at MICEX
OREANDA-NEWS. October 2, 2012. Starting from September 28, 2012 the new version of the Rules for admission of securities to placement and trading (hereinafter "The Rules for admission") come into force. The new version of the Rules was approved by the Board of Directors of CJSC "MICEX Stock Exchange" on August 22, 2012 and registered by FFMS of the Russian Federation on September 20, 2012.
The list of amendments and supplements to the Rules include:
Special provisions and an appropriate application form were added to provide the trading participants with more accreditation opportunities to authorize their new traders on the Main market. The authorized representatives are free to operate in all trading modes or choose either of them.
The terms for suspension and termination of the admission to trading on MICEX Stock Exchange markets have been unified and grouped depending on the grounds for such suspension or termination.
The supplement providing details on procedures and the order for trading code assignment for both trading participants and their customers has been excluded, and published as a separate document on the Internet on the Exchange's website in the additional information section.
Some proofreading and editing of the text have been made.
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