The National Securities and Stock Market Commission (NSSMC) has approved the amendments to rules (conditions) of securities trading activities: brokerage, dealer activities, underwriting, securities management, UBR reports quoting the regulator's press-service.

Amendments reportedly introduce the new type of agreement to rules – "securities lending", which provides ample opportunities for securities traders while servicing clients, in particular, while conducting marginal transactions.

The National Securities and Stock Market Commission (NSSMC) has approved the amendments to rules (conditions) of securities trading activities: brokerage, dealer activities, underwriting, securities management, UBR reports quoting the regulator's press-service.

In addition, the rules stipulate the definition of a new term "suspected agreement" – this is an agreement with securities on exchange or non-exchange market, the price of which for listing securities differs from the last estimated exchange quotation by 20% and more, and for non-listing securities differs from the last estimated closing price of trading day by 50% and more.

Amendments also stipulate that in case of conducting transactions with securities, on which signs of price manipulation on stock market have been identified in actions of client and/or contractor, or the conclusion of suspected agreement, the securities trader undertakes to notify the Commission of it with randomly fluctuating administrative data. Meanwhile, the securities trader has the right to refuse the client in conclusion and conducting transactions with securities and other financial instruments, in particular, if he has grounds to consider that there are signs of price manipulation on the market in actions of client and/or contractor.

"We have extended the definition of "better execution". If this term operated only in terms of determination of better price, then based on MiFiD Directive, we extend it, adding, except for price, conditions, settlement procedure, place etc", - the commission member Dmitrii Tarabakin noted.

In addition, the securities trader, whose license is revoked, and his clients, contractors have been granted with the right to conclude commission agreement with other securities trader on introducing amendments (termination) with previously concluded commission agreement, as per which settlement was made not from the trader, whose license is revoked. The securities trader will have to notify his client of the unsettled conflict of interests.