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Moskovskaya Birzha OAO liquidates two Ukrainian subsidiaries-Interfax


Friday, 27 Dec 2013 05:43am EST 

Moskovskaya Birzha OAO:The Supervisory Board of Moskovskaya Birzha OAO has approved decrease of stake held in Ukrainskiy tsentral'nyi kontragent OOO and Birzhevoy tsentral'nyi kontragent OOO with subsequent liquidation of the above companies-Interfax.Moskovskaya Birzha OAO holds 100 percent stake in both Ukrainskiy tsentral'nyi kontragent OOO and Birzhevoy tsentral'nyi kontragent OOO.Both companies acted as central counterparties in trading on Ukrainian Exchange and PFTS stock exchange, the company's representative said earlier.Due to changes in Ukrainian legislation, in particular, banning independent companies from clearing activities and the actual transition of clearing to the state Settlement Service Center contracts for financial markets, there is no longer a need for subsidiary central counterparties, he added. 

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