7 April, 1998 - 00:00
The State Securities and Stock Market Commission adopted Provisions on a Global Securities Issue Certificate. UNIAN was told by the Commission that the document governs the procedures for depositing and storing global certificates. The latter must be kept in a depository constantly, subject to re-registration if the Commission reregisters the issue. GS cannot be circulated on the stock or OTC securities markets. GS are to be executed by issuers and placed with depositories as per securities service contracts.
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