State Duma passed a law on the process of converting depositary receipts into shares, - report of the Bank of Russia

The adopted law will allow holders of depositary receipts to be guaranteed to keep their investments and convert them into the underlying asset - Russian shares. Conversion will take place automatically, later the Bank of Russia will determine the date and procedure for its implementation.

Conversion will be carried out with depositary receipts for shares of Russian issuers, which are accounted in the Russian depositories.