Russian Central Bank considering establishing minimum free float threshold for admitting shares to trading

MOSCOW. May 15 (Interfax) - The Bank of Russia is studying the feasibility of establishing a minimum free float threshold for admitting shares to organized trading, Central Bank Chairman Elvira Nabiullina said.

"We see how few shares are in free float, and how insignificant free float is. Even for those companies that enter the market, free float is small. It is clear that it may be small for companies that are taking their first steps, but it is still the same for those who have been in the market for a long time. If capitalization is insignificant, with an insignificant free float, it is very easy to move the market," she said, speaking at the NAUFOR Russian Stock Market 2024 conference.

"We see this, and by the way, we are thinking that in order make organized trading accessible, it may be advisable to set a minimum free float threshold," Nabiullina said.