The second important reform india telegram data initiat by the Bank of Russia is aim at increasing the transparency of the IPO procure. At the end of January 2025, the regulator present a report for public consultations “Information Transparency in the Securities Market: Issuers and Terms of the Initial Public Offering of Their Shares”. The document includ proposals to improve the information quality of placements, change the content of information disclos by issuers and adapt it to the nes of retail investors.
Over the course of a month
the regulator met with market participants to collect feback and discuss the proposals. According to Ekaterina Abasheeva, the most sensitive and controversial proposals were the proposals to include forecast indicators in the issue prospectus, the presence of two reports from independent analysts when a company goes public, and the definition of the role and responsibility of placement organizers. In the rest of the proposals in the consultative report, the Central Bank receiv support from investors, issuers and placement organizers, she add.
The Bank of Russia believes
that if a company publicly broadcasts forecast indicators of its activities in its IPO marketing materials, they should correspond to what is disclos in the securities prospectus, notes Abasheeva. According to her, companies can now describe the “best prospects” for their development in advertising materials. The investor has no choice but to focus on them, since there are simply no others. “We want to change the situation. It is important give businesses a direction to progress that the forecast indicators disclos by alb directory issuers reflect reality – you can’t only highlight the good and hide under the carpet what is not in the issuer’s favor,” explain Ekaterina Abasheeva.
