. Last Updated: 07/27/2016

Central Depository

MOSCOW () -- The Federal Securities Market Commission has set up a working group to determine the best way to found a single, central depository for corporate securities.

The commission last week issued a resolution inviting "involved organizations" to help prepare documents and regulations necessary to establish a central depository.

Thousands of Russian companies now operate their own depositories, many of which are either uncooperative with shareholders or isolated in far-flung locales.