As of October 07th, 2008 the following instructions of the FFMS are implemented: if the opening value or the current value of the corresponding technical index goes up or down by more than 5% as compared to its closing value of the previous day, trading shall be suspended for at least 1 hour; if the opening value or the current value of the corresponding technical index changes either way by more than 10% on its closing value of the previous day, trading shall be stopped till the end of the following trading day or until further notice from the regulator.
Starting from October 8th, 2008 the following deviation limits for prices of a certain issue security, included into Quotation List A or Quotation List B (investment unit of a certain investment fund, mortgage certificate), imposed by the FFMS come into effect. If the opening price or the current average weighted price of a certain security goes up or down by more than 10% as compared to its last closing price, trading in this security shall be stopped for at least one hour; if the opening price or the current average weighted price of a certain security changes either way by more than 20% as compared to its last closing price, trading in this security shall be suspended till the end of the next trading day or until further notice from the regulator.
To keep the price movements on the financial markets to the minimum the FFMS imposes more rigid limits on the changes of the technical index and securities’ prices involved in the procedure on suspension of trading and market reopening.
