The government will discuss the simplification of the regulation for the issue of securities

© RIA Novosti / Maxim to Aminopherase in fotobounce to the House of the Government of the Russian Federation. Archival photoThe government will discuss the simplification of the regulation for the issue of securities© RIA Novosti / Maxim to Aminopherase the image Bank

The government of the Russian Federation at session on Thursday will consider the simplification of the regulation for securities issuance, reported the press service of the Cabinet of Ministers.

«At a meeting scheduled… questions… About the project of the Federal law «on amendments to the Federal law «on securities market» and certain legislative acts of the Russian Federation to improve legal regulation of the implementation of issue of securities», — stated in the agenda.

Develop a bill to simplify the procedure and reduce the time to issue debt and other securities, and the optimization requirements for the disclosure of information by issuers.

The document reduces the time for internal procedures necessary for the issuance of securities, and offers to stop the division of securities in certificated and uncertificated to exclude duplicate documents.

The document also provides an option to send the documents necessary for registration of issue of securities, the Bank of Russia in electronic form. According to the government, this will reduce the cost of preparation of issuance documents.

The possibility of issuance of bonds under a simplified procedure (under the program of bonds) the project proposes to extend to any bonds, not convertible into shares.

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