The Central Bank and the Ministry of Finance have identified common approaches to restricting access to information sensitive to issuers of securities

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AK&M 13 February 2025 18:53

In a joint information letter to financial market participants, the Bank of Russia and the Ministry of Finance of Russia have identified common approaches to limiting access to information sensitive to issuers of securities, taking into account the balance of interests of both companies and investors. This is stated in the message of the Central Bank.

The letter explains in which cases and to what extent companies have the right not to disclose information. At the same time, it is clarified that they can use this right only if there are sanctions threats. The letter also provides examples of unjustified and legitimate restrictions on the provision of information.

Currently, issuers are guided in matters of information disclosure by a decree of the Russian government, which gave them the opportunity to close some of the information. However, different interpretations of the document have led to different data disclosure practices, including their excessive limitation.

The Bank of Russia and the Ministry of Finance of Russia do not support practices based on a formal approach, as well as on the selective principle, when data is not available on the resources of accredited news agencies, but is posted by issuers in other public sources, the report says.