MOEX Announces Grace Period for Trades in Foreign Securities
OREANDA-NEWS. Moscow Exchange announces an introduction of a grace period for trades in shares of foreign issuers and depositary receipts representing them beginning 16 December. The grace period will be in effect through 30 June 2014.
Within the grace period transactions in foreign securities and DRs representing them will cost only 50% of prices prescribed in fee schedules selected by trading members (0.00325%-0.005%).
The introduction is a part of new equity market fees coming into effect on 16 December this year.