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Regulation of Inside Information in Russia: What Will Change in 2019
10 September 2018
View Debevoise Update
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.
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