Moscow exchange proposed to create a non-public channel for disclosing data to investors

For investors in Russia, it would be possible to create a secure channel where they could receive the necessary data, Irina Grekova, Managing Director for Compliance and Business Ethics, suggested. In her opinion, when information is not available, “it is not clear how to make informed investment decisions.”

“An investor in search stumbles upon Telegram channels, not very reliable resources. We need, perhaps, together with the market, to come up with a second loop of information available to end investors in a non-public plane, ”she said at the online conference Compliance: Main Trends 2022” (quoted from RBC).

According to Ms. Grekova, issuers are often not familiar with the mechanism of working with insider information. Because of this, it is not clear how you can be sure that the information “does not leave the company,” she said. “In the right way, including using the current tools, it is possible to organize work in a more secure circuit,” Irina Grekova believes.

In March, the Russian government allowed issuers not to disclose corporate information to protect against possible sanctions from unfriendly states. This measure extended until July 1, 2023. Moscow exchange at the same time advised regularly disclose reports in accordance with Russian and international standards.

Laura Keffer