Thursday March 19 2026
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Russia
Moscow Exchange (MOEX) announced that a new version of the listing rules will come into effect on April 1, 2026. Key changes include the implementation of a securities marking mechanism, the ability to admit digital certificates to trading at the exchange’s initiative, and a number of other innovations.
A marking mechanism is being introduced for shares and bonds of companies that restrict disclosure of information about their activities. The rules stipulate that marking will not be applied to bonds if the bond issue, issuer, or guarantor has two credit ratings of at least “A-,” and to shares if the share has two non-credit ratings of at least.
The new listing rules establish the requirements and procedures for admission to trading initiated by the digital certificate exchange. This will ultimately allow for the formation of a new securities segment and the development of a liquid secondary market for digital rights within the established exchange infrastructure.
The listing rules also define the procedure for including in the RII Sector bonds issued for the implementation of technological sovereignty projects and projects for the structural adaptation of the Russian Federation economy.
Issuers whose shares are included in the second level of listing are required to ensure that their corporate secretary regulations comply with the recommendations of the Corporate Governance Code. If the issuer fails to comply with the Code’s requirements, it will be obligated to disclose the reasons for this noncompliance.
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