Regulation of Inside Information in Russia: What Will Change in 2019

10 September 2018
View Debevoise Update
Key takeaways:
  • A federal law providing for significant changes affecting all persons whose activities involve access to inside information becomes effective on May 1, 2019.
  • Companies will be required to make their own lists of inside information subject to the specifics of their businesses and approve a number of new by-laws relating to inside information; insiders will no longer notify the company and the Bank of Russia of any transactions involving securities, financial instruments, foreign currency, etc.; powers of the Bank of Russia regarding compliance review will be expanded; and the list of insiders set forth in the Insider Trading Law will be amended.