Nonresidents from nations not classified as unfriendly to receive access to bond trading on Moscow Exchange

MOSCOW. Aug 15 (Interfax) - Starting on August 15, the Moscow Exchange has made it possible for nonresidents from countries not classified as unfriendly, as well as nonresidents whose ultimate beneficiaries are Russian legal entities or individuals, to carry out transactions on the bond market.

Beginning on August 8, professional participants (banks, brokers, management companies) began registering nonresident clients on the Moscow Exchange. In order to provide them with access, participants are required to carry out identification of clients and their controlling persons, as well as provide additional information on clients when they register or make changes to the data provided at registration.

Brokers and management companies have been obliged to check which country a foreign client is a resident of and assume responsibility for the relevance and reliability of the information provided to register clients and to make changes in previously provided information on clients.

The same categories of non-residents were admitted to the futures market of Mosbirzhi since August 8. Admission to the market of shares and units was postponed after the publication of the presidential decree of August 5, as additional adjustment of exchange systems was required.

The same categories of non-residents were admitted to the Moscow Exchange derivatives market starting on August 8. Admission to the equity and mutual fund markets has been postponed after the publication of a presidential decree from August 5, because additional adjustment of exchange systems was required.