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Moscow at night: the city’s market regulator is intent |
Snapping a new set of teeth, Russia’s stock market watchdog threatened last month to close down one of the country’s two biggest exchanges unless it complied with new reporting requirements.
The Federal Securities Commission (FSC) is getting tough with investors and exchanges in an effort to civilize the unruly Russian stock market. As part of the continuing reforms to the financial system it has started to exercise new powers granted in the last nine months.
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