MOSCOW, January 17 (RIA Novosti) - The Federal Financial Markets Service (FFMS) is introducing a limit on the issue of American Depositary Receipts (ADRs) by Russian companies of 35% of their charter capital, the service's press office said Tuesday.
The restriction is set out in recent FFMS regulations that govern the placement of shares by Russian companies on markets outside Russia, the press service said.
The document is to be submitted to the Justice Ministry and will come into force 10 days after it is officially published.
