Bank of Russia amends market manipulation rules
Regulations updated to take account of recently developed scams and influx of new investors
The Bank of Russia published new measures on May 13 aimed at preventing the use of new communications technologies to manipulate equities markets.
The central bank issued the regulatory decree, which will take effect in the first half of 2022, under a 2010 law barring market manipulation. A 2018 amendment to this law allows the central bank to expand the definition of manipulation.
Russia’s government abolished its independent regulator for financial markets in 2013, transferring these powers
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