Продолжая пользоваться сайтом, я соглашаюсь с условиями обработки файлов cookie
Securities of the Russian Issuers
Depositary receipts and Securities
Note: Below information in respect of procedures for conversion and forced transfer has outdated. For redemption of depositary receipts within standard procedure of voluntary conversion, please follow updates on the websites of custodian banks BNY Mellon, JP Morgan, Deutsche Bank.
***
As at September 26, 2022, Raiffeisenbank confirmed being the depository for the depository programs of the following Russian issuers: Acron, Aeroflot, VTB, Gazprom Neft, GMK Norilsk Nickel, LSR Group, Cherkizovo Group, Inter RAO, Lenta, Mechel, Mosenergo, NLMK, NOVATEK, OGK-2, PIK, PMP, Polyus, Rosseti, RusHydro, Surgutneftegaz, FGC UES, Enel, Sberbank, Rosneft, Novorossiysk Commercial Sea Port, MTS, Magnit.
In accordance with the Federal Law No. 114-FZ of April 16, 2022 «On Amendments to the Federal Law „On Joint-StockCompanies“ and Separate Legislative Acts of the Russian Federation» (as amended on October 7, 2022), as well as the Decision of the Board of Directors of the Bank of Russia dated July 22, 2022, holders of the depository receipts have the possibility to receive the underlying shares of the Russian issuers as a result of automatic or forced conversion of the depositary receipts.
In accordance with the Decision of the Board of Directors of the Bank of Russia on establishing requirements for the activities of professional participants in the securities market related to depositary services, when they transfer dividends paid on shares of the Russian joint-stock
companies, dated June 10, 2022, holders of the depository receipts can receive dividend payments in respect of depository receipts issued within those depositary programs, in respect of which a decision has been made to continue their circulation outside the Russian Federation.
In accordance with the Article 5 of the Federal Law No. 319-FZ, dated July 14, 2022, «On Amendments to the separate legislative acts of the Russian Federation» (as amended on October 7, 2022), holders of securities of the Russian issuers have the right to apply for a forced transfer of accounting rights to such securities from a foreign infrastructure, provided transactions with such securities are limited by sanctions.
For more details on the conversion procedure, dividend payments and forced transfer, please see the corresponding sections.
Automatic conversion
Forced Conversion
Forced Transfer
Termination of Segregated Accounting of Securities Credited within Forced Conversion and Forced Transfer
Dear Applicants,
In accordance with the Presidential Decree No. 138 of March 3, 2023 and Ordinance of the Bank of Russia No. 018-34-2/1883 dated March 9, 2023 on cancellation of the previously issued Ordinance of the Bank of Russia No. 018–34/12822 dated December 28, 2022, Raiffeisenbank continues segregated keeping of securities credited to owners’ depo accounts in the process of forced conversion and forced transfer. This requirement shall not apply to securities acquired (i.e. credited to custody accounts) by March 1, 2022 and continuously kept on such custody accounts.
I. Unblocking of securities in full
Securities that are eligible for exclusion from segregated accounting, may be released subject to providing Raiffeisenbank with a proof of acquisition of securities before March 01, 2022 (inclusive) and further continuous safekeeping thereof.
- Permitted for residents, friendly non-residents, controlled foreign companies (provided requirements ‘a’ and ‘b’ of Art. 12 of Presidential Decree No. 95 of March 5, 2022 are met)
- Not permitted to residents from ‘unfriendly’ jurisdictions.
For further disposal of securities and making transactions, applicants must ensure that the following conditions are met:
- Confirmation of payment of remuneration to Raiffeisenbank for the provision of services for forced conversion (in accordance with the offer) and forced transfer (payment of commission upon unblocking of securities).
- Contractual relations with Raiffeisenbank and an open depo account:
– Individuals:
Accession to the terms of the depository agreement occurs simultaneously with the conclusion of the brokerage agreement. To conclude a brokerage agreement, please visit any of Raiffeisenbank offices, or use Raiffeisenbank remote service for providing financial services as part of brokerage activities, which will allow for effective remote interaction, provision of necessary documents (confirmations), and receipt of reports. For all questions regarding conclusion of a brokerage agreement, please contact broker@raiffeisen.ru.
– Legal entities (residents only):
Please leave request on our website, as well as contact our client managers.
If the above conditions are met, the applicant must provide Raiffeisenbank with documents and information confirming the grounds for unblocking the securities. IMPORTANT: please fill out the Application form for the termination of segregated accounting of securities and send scans of the Application and supporting documents to the email address adr.settlement@raiffeisen.ru indicating the subject of the email: «Unblocking securities — full name of the holder» — for example, «Unblocking securities — Ivanov I.I.».
Raiffeisenbank will check the possibility of unblocking, including compliance with the requirements of the Presidential Decree No. 138 and other regulations, within a period of at least 10 working days. If necessary, Raiffeisenbank may request additional documents related to the possibility of unblocking of securities.
II. Transfer of securities as blocked to another Russian depositary
- Permitted to all applicants (residents and non-residents)
- Raiffeisenbank shall initiate exchange of all required notifications on segregated status of the transferred securities to the receiving depositary.
Note: upon conclusion of the depositary agreement and payment of the due amount of remuneration to Raiffeisenbank investors shall give a depo instruction for transfer of securities specifying the section of the depo account: «DR blocked» (related to forced conversion) or «Blocked by Ordinance 7457» (related to forced transfer).
Mobile application
for corporate business
