Automatic Conversion of Depository Receipts: Second Round

News Financial services Law & Policy Updates

Date: 6th Jun, 2025 Source: Central Bank of Russia Country: Russia Original Source

Brief

On "Not Specified", the "Russian Government" announced an update regarding "Automatic Conversion of Depository Receipts: Second Round". This will affect investors holding Russian depository receipts, with issuers required to notify depositories by June 17, 2025. The process aims to convert these receipts into Russian stocks within a month, suspending all transactions until completion, and no further action is needed from investors.

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Central Bank of Russia

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Automatic Conversion of Depository Receipts: Second Round

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Automatic Conversion of Depository Receipts: Second Round

Brief

Central Bank of Russia

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