OREANDA-NEWS. August 13, 2010. The Russian Ministry of Justice has registered the FFMS’s decree on extending the volume of information about substantial facts disclosed by security issuers, and setting a new form for such information messages.

Relevant amendments are to be made to the regulation on information disclosure by security issuers. In particular, starting immediately, joint-stock companies subject to a requirement to disclose information in the form of a quarterly report and a corporate action notice, shall be also obliged to publish data that may have a substantial impact on the cost of their securities, as well as assumed information about future cutoff dates for dividend payouts. Joint-stock companies not subject to a requirement about information disclosure in the form of quarterly reports or a corporate action notice shall be obliged to publish announcements about future shareholder meetings in open media. In addition, companies will have to include into their annual reports information about the amount of each type of energy resources used during the year.

After the second following fiscal year or each subsequent fiscal year, the value of company net assets drops below the value of its share capital, the annual report shall also include information about company net assets. In addition, the new regulation defines the procedure for information disclosure by issuers of Russian depository receipts (RDR): they shall disclose information about shares and bonds of foreign issuers in an RDR prospectus or a quarterly report. Finally, the regulation specifies the procedure for disclosure of information that may affect issuer’s business and operating activities.