Russia Simplifies Rules for Securities Offerings and Changes Dividend Payment Procedure

12 February 2013
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Key takeaways:

  • On December 29, 2012, important amendments to Russian securities laws were signed into law. 
  • The amendments are primarily intended to simplify the rules for securities offerings, make dividend payment procedures more convenient for investors and issuers, and protect the rights of investors if securities are de-listed. 
  • The amendments also ease certain requirements on placement and circulation of foreign securities, including depositary receipts, in Russia.