It emerged this week that Russian President, Vladimir Putin has signed into law an amendment to the federal legislation covering the Russian stock market.
Under the terms of the amended legislation, which was approved by the Duma and the Federation Council last month, the participation of financial consultants in securities issues is now no longer mandatory, with the decision as to whether to involve such professionals left to the company in question.
According to the Presidential press service, the new law also stipulates that the registration authorities can no longer investigate the credibility of information contained in registration documents submitted by firms hoping to go public.
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