Regulator suspends Moscow Stock Exchange license
MOSCOW. Nov 13 (Interfax) - The Federal Financial Markets Service (FFMS) on November 12 suspended the Moscow Stock Exchange Noncommercial Partnership's license, the FFMS said in a press release.
The license was suspended for numerous breaches of Russian law, including FFMS regulations. Some of its members did not hold professional securities market participant licenses for brokerage, dealing or other securities-related activity.
The exchange had fewer than 75 professional participants admitted to full cover trading within six months of its license being issued and its register of toe participants did not contain complete information.