{"id":5095,"date":"2010-10-23T00:00:00","date_gmt":"2010-10-23T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2010\/10\/amendments_to_russian_securiti"},"modified":"2022-04-04T12:49:40","modified_gmt":"2022-04-04T17:49:40","slug":"amendments-to-russian-securiti","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/","title":{"rendered":"Amendments to Russian Securities Law Aim to Enhance Transparency and Corporate Disclosure"},"content":{"rendered":"<p>This month, Russian President Dmitry Medvedev signed into law amendments to his country\u2019s securities legislation. He signed the Federal Law No. 264-FZ to amend provisions of Federal Law No. 39-FZ \u201cOn Securities Market.\u201d The State Duma, the Parliament\u2019s lower house, and the Federation Council have all adopted the new amendments, which went into effect on October 7. However, the new amendments, however, are not applicable to non-publicly traded companies that have less than 500 shareholders.<\/p>\n<p>The amendments are geared towards improving corporate disclosure and transparency. The list of who can receive relevant information and those that must disclose data are specified. For example, Russian securities issuers must now disclose financial reports, including those filed in accordance with International Financial Reporting Standard, as well as accounting reports. They must also reveal the identities of primary beneficiaries of controlled entities and controlling shareholders\u2019 identities. Signs of insolvency should be included in disclosed information about beneficiaries and shareholders. Companies must also provide information about board meetings and not just annual general meetings.<\/p>\n<p><strong>Securities Fraud and Institutional Investors<\/strong><br \/>\nOur <a href=\"https:\/\/www.investorlawyers.com\/index\">stockbroker fraud lawyers<\/a> work with institutional investors throughout the US to recoup their financial losses sustained because of broker-misconduct, investment adviser errors, or securities fraud. We also represent clients outside the US with<a href=\"https:\/\/www.investorlawyers.com\/index\"> securities fraud <\/a>claims against companies that are based in this country.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/#more-5095\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This month, Russian President Dmitry Medvedev signed into law amendments to his country\u2019s securities legislation. He signed the Federal Law No. 264-FZ to amend provisions of Federal Law No. 39-FZ \u201cOn Securities Market.\u201d The State Duma, the Parliament\u2019s lower house, and the Federation Council have all adopted the new amendments, which went into effect on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-5095","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amendments to Russian Securities Law Aim to Enhance Transparency and Corporate Disclosure &#8212; Investor Lawyers Blog &#8212; October 23, 2010<\/title>\n<meta name=\"description\" content=\"This month, Russian President Dmitry Medvedev signed into law amendments to his country\u2019s securities legislation. He signed the Federal Law No. 264-FZ to &#8212; October 23, 2010\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Amendments to Russian Securities Law Aim to Enhance Transparency and Corporate Disclosure &#8212; Investor Lawyers Blog &#8212; October 23, 2010\" \/>\n<meta name=\"twitter:description\" content=\"This month, Russian President Dmitry Medvedev signed into law amendments to his country\u2019s securities legislation. He signed the Federal Law No. 264-FZ to &#8212; October 23, 2010\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Amendments to Russian Securities Law Aim to Enhance Transparency and Corporate Disclosure &#8212; Investor Lawyers Blog &#8212; October 23, 2010","description":"This month, Russian President Dmitry Medvedev signed into law amendments to his country\u2019s securities legislation. He signed the Federal Law No. 264-FZ to &#8212; October 23, 2010","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/","twitter_card":"summary_large_image","twitter_title":"Amendments to Russian Securities Law Aim to Enhance Transparency and Corporate Disclosure &#8212; Investor Lawyers Blog &#8212; October 23, 2010","twitter_description":"This month, Russian President Dmitry Medvedev signed into law amendments to his country\u2019s securities legislation. He signed the Federal Law No. 264-FZ to &#8212; October 23, 2010","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Amendments to Russian Securities Law Aim to Enhance Transparency and Corporate Disclosure","datePublished":"2010-10-23T05:00:00+00:00","dateModified":"2022-04-04T17:49:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/"},"wordCount":276,"articleSection":["Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/","url":"https:\/\/www.investorlawyers.com\/blog\/amendments-to-russian-securiti\/","name":"Amendments to Russian Securities Law Aim to Enhance Transparency and Corporate Disclosure &#8212; Investor Lawyers Blog &#8212; October 23, 2010","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2010-10-23T05:00:00+00:00","dateModified":"2022-04-04T17:49:40+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"This month, Russian President Dmitry Medvedev signed into law amendments to his country\u2019s securities legislation. 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