European Securities Stakeholder Group Asks for Guidance on Maintaining Asset Rights in Russian Firms
The European Securities and Markets Authority (ESMA's) Securities and Markets Stakeholder Group (SMSG) recently released a paper on the geopolitical risks surrounding depositary receipts. The SMSG looked into the effect of both EU and Russian sanctions on DRs and asks…
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for guidance and a harmonized approach from the ESMA and European Commission over how EU citizens can maintain their asset rights in Russian companies.