Sanctions as a factor in the development of legal regulation of information disclosure by Russian issuers

 
PIIS102694520012525-8-1
DOI10.31857/S102694520012525-8
Publication type Article
Status Published
Authors
Occupation: Chief researcher of the Institute of State and Law of the Russian Academy of Sciences
Affiliation: Institute of State and Law of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Occupation: associate Professor
Affiliation: Institute of State and Law of the Russian Academy of Sciences
Address: Russian Federation
Journal nameGosudarstvo i pravo
EditionIssue 11
Pages72-83
Abstract

The article examines the impact of sanctions - unilateral restrictive measures - on the development of legal regulation of information disclosure by Russian issuers. It is noted that the Russian legislation on the securities market does not take into account sanctions as a factor. However, their expansion after 2014 required significant changes in this area. The authors believe that such a trend in the development of legal regulation is objective and associated with the protection of the country's national interests. The article indicates that a special legal regime for disclosing information under the conditions of sanctions is still at the stage of formation; there are many ambiguities. In this regard, based on an analysis of special legislative norms aimed at considering the factor of sanctions in disclosing information by Russian issuers, legal decisions have been formulated to modernize the current legal regulation.

Keywordsequity market, issuer, joint-stock company, public joint stock company, non-public joint stock company, information disclosure, sanctions, unilateral restrictive measures, national security, counter-sanctions
Received16.09.2020
Publication date03.12.2020
Number of characters42801
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