Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;

Information Notice

On establishing fact of securities markets manipulation by V.V. Moskovkin and I.Yu.Moskovkina

The Bank of Russia established the fact of multiple manipulation in the market for ordinary shares of PAO MRSK Tsentra (IDGC of Centre, PJSC) and PAO Samaraenergo (Samaraenergo, PJSC), as well as preferred shares of PAO Samaraenegro and PAO KSK (KSK, PJSC) (hereinafter jointly referred to as the Shares) during trading on PAO Moscow Exchange (Moscow Exchange, PJSC) over the period from 10 July 2014 through 9 December 2015 conducted by Vladimir V. Moskovkin and Irina Yu. Moskovkina related to each other.

During the investigation, the Bank of Russia established that V. Moskovkin as agreed upon beforehand with I. Moskovkina made reciprocal trades in the Shares in the main trading mode on the Moscow Exchange on the basis ofanonymousorders. The orders had identical price and volume parameters and were made from one PC and, in the majority of cases, with minimum difference in time. Most trades had no economic sense.

This trading behaviour led to substantial deviations in the securities trading parameters.

According to 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 the Federal Law), transactions conducted by V. Moskovkin and I. Moskovkina in the period from 10 July 2014 through 9 December 2015, which resulted in a substantial deviation in the trading parameters, are qualified as market manipulation.

The Bank of Russia took a set of measures to put an end to the violations of the Federal law by V. Moskovkin and I. Moskovkina, inter alia blocking of their trading accounts until all circumstances and causes of their unlawful actions are established.

31 January 2018

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