RUSSIA: SECURITIES COMMISSION GIVES EXCHANGE THREE MORE WEEKS.(RTS Stock Exchange must comply with trading volume calculation methods )(Brief Article)

From: IPR Strategic Business Information Database | Date: February 12, 2003 | Copyright information

The Federal Securities Commission (FKTsB) gave the RTS Stock Exchange an additional three weeks to bring its method of calculating trading volume into line with new regulations, extending the deadline to 26 February, "Kommersant" reported on 6 February. The FKTsB threatened the RTS on 29 January with the loss of its license for failing to distinguish between directed and nondirected orders in calculating trading volume. It gave the exchange one week to fix the problem. (Directed or...

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