Facts of market manipulation in on-exchange trading for certain exchange-traded bonds established

The Bank of Russia has established facts of market manipulation in on-exchange trading for the bonds of the Moscow Government (ISIN: RU000A1030S9), PJSC INARCTICA (ISIN: RU000A102TT0), CB Renaissance Credit (LLC) (ISIN: RU000A102RN7, RU000A102H83), HCF Bank (ISIN: RU000A102RF3), Samolet Group PJSC (ISIN: RU000A103L03, RU000A104JQ3), HC Finance LLC (ISIN: RU000A102W68), and TransFin-M PC (ISIN: RU000A0ZYEB1, RU000A103M36) (hereinafter, the Bonds).

Brokerage accounts of relatives Evgeny V. Ivanets and Olga M. Ivanets were used to conduct transactions in collusion, which caused significant deviations in demand for, supply and trading volumes of the Bonds.

According to the findings of the investigation, these transactions are qualified as market manipulation pursuant to Clause 2 of Part 1 of Article 5 of Federal Law No. 224-FZ, dated 27 July 2010, ‘On Countering the Misuse of Insider Information and Market Manipulation and Amending Certain Laws of the Russian Federation’ (hereinafter, Federal Law No. 224-FZ). Thus, E.V. Ivanets and O.M. Ivanets breached the ban imposed by Part 2 of Article 6 of Federal Law No. 224-FZ.

The Bank of Russia has sent binding orders to E.V. Ivanets and O.M. Ivanets to cease and desist from similar violations in the future. Furthermore, these persons are subject to administrative proceedings, and transactions in their trading accounts are suspended.

The reference to the Press Service is mandatory if you intend to use this material.