Russian Issuers One Step Closer to Hong Kong Listings
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- With the Bank of Russia signing the International Organization of Securities Commissions Multilateral Memorandum of Understanding on February 16, 2015, an important roadblock to listing on the Hong Kong Stock Exchange has now been cleared for Russian companies.
- A Russian company wishing to list on the Hong Kong Stock Exchange would still be required to apply to the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission to have Russia approved as an “acceptable overseas jurisdiction”. Russian companies seeking to list the Hong Kong Stock Exchange should be able to comply with the requirements for Russia to qualify as an “acceptable overseas jurisdiction”.