26.06.2024
10:00–11:30
IPOs: Areas for Improvement to Protect Investors’ Rights
Congress Centre, conference hall B3
In light of the significant growth in the number of public offerings in 2023–2024 and the dominant role of individual investors, special attention should be paid to mechanisms for protecting the rights of the investors participating in public offerings. In the natural relationship between the organizer of the placement, the issuer, and the investor, what responsibility should be borne by the organizer? Can the investor claim damages from the organizer? Maintaining the share price after the transaction. Is Russian law duly armed to deal with these situations? Disclosure of information by issuers both at the IPO and upon completion of the public offering: should there be an adaptation to fit the needs of retail investors?
Moderator
Vladimir Chistyukhin
First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Speakers
Tatyana Kapustina
Vice President - Head of Capital Markets Department, Gazprombank
Maria Kurbatova
Director of the Legal Department, Leasing company "Europlan"
Ivan Semenkin
Partner, EMPP Law Offices
Ilya Khersontsev
Executive Director, Retail Investors Association
Alexander Shenderyuk-Zhidkov
Senator of the Federation Council of the Federal Assembly of the Russian Federation; Deputy Chairman of the Federation Council Committee of the Federal Assembly of the Russian Federation on Budget and Financial Markets
Yana Shankland
Director for Development of the Primary Share Market, Moscow Exchange Supervisory Board
Broadcast

Vladimir Chistyukhin
First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Professional Experience:
1995–1996 – economist of the 2nd category, economist of the 1st category, leading economist with the Foreign Exchange Regulation Division of the Main Division for Foreign Exchange Regulation and Foreign Exchange Control Department of the Bank of Russia.
1996–1997 – leading economist of the Foreign Exchange Regulation Division, chief economist of the Foreign Exchange Control of Capital Operations Division of the Bank of Russia Foreign Exchange Regulation and Foreign Exchange Control Department.
1997–1999 – Deputy Head of the Foreign Exchange Control of Capital Operations Division – Section Head of the Foreign Exchange Regulation and Control Department of the Bank of Russia.
1999–2000 – Head of the Foreign Exchange Operations Analysis Division of the Foreign Exchange Regulation Department of the Bank of Russia.
2000–2002 – Deputy Director of Foreign Exchange Regulation Department of the Bank of Russia
2002–2004 – Deputy Director of Foreign Exchange Regulation and Control Department of the Bank of Russia.
2004–2011 – Deputy Director of Banking Regulation and Supervision Department of the Bank of Russia.
2011–2013 – Director of the Financial Stability Department of the Bank of Russia.
Since September 2013 to 2 March 2014 – First Deputy Head of the Financial Markets Service of the Bank of Russia.
Since 28 February 2014 – Deputy Governor of the Bank of Russia.
Since 17 January 2022: First Deputy Governor of the Bank of Russia.
Member of the Bank of Russia Board of Directors (since 10 October 2018).
Education:
In 1995, graduated from the Department of Law of the Lomonosov Moscow State University, major in law.
1995–1996 – economist of the 2nd category, economist of the 1st category, leading economist with the Foreign Exchange Regulation Division of the Main Division for Foreign Exchange Regulation and Foreign Exchange Control Department of the Bank of Russia.
1996–1997 – leading economist of the Foreign Exchange Regulation Division, chief economist of the Foreign Exchange Control of Capital Operations Division of the Bank of Russia Foreign Exchange Regulation and Foreign Exchange Control Department.
1997–1999 – Deputy Head of the Foreign Exchange Control of Capital Operations Division – Section Head of the Foreign Exchange Regulation and Control Department of the Bank of Russia.
1999–2000 – Head of the Foreign Exchange Operations Analysis Division of the Foreign Exchange Regulation Department of the Bank of Russia.
2000–2002 – Deputy Director of Foreign Exchange Regulation Department of the Bank of Russia
2002–2004 – Deputy Director of Foreign Exchange Regulation and Control Department of the Bank of Russia.
2004–2011 – Deputy Director of Banking Regulation and Supervision Department of the Bank of Russia.
2011–2013 – Director of the Financial Stability Department of the Bank of Russia.
Since September 2013 to 2 March 2014 – First Deputy Head of the Financial Markets Service of the Bank of Russia.
Since 28 February 2014 – Deputy Governor of the Bank of Russia.
Since 17 January 2022: First Deputy Governor of the Bank of Russia.
Member of the Bank of Russia Board of Directors (since 10 October 2018).
Education:
In 1995, graduated from the Department of Law of the Lomonosov Moscow State University, major in law.

Tatyana Kapustina
Vice President - Head of Capital Markets Department, Gazprombank

Maria Kurbatova
Director of the Legal Department, Leasing company "Europlan"

Ivan Semenkin
Partner, EMPP Law Offices

Ilya Khersontsev
Executive Director, Retail Investors Association

Alexander Shenderyuk-Zhidkov
Senator of the Federation Council of the Federal Assembly of the Russian Federation; Deputy Chairman of the Federation Council Committee of the Federal Assembly of the Russian Federation on Budget and Financial Markets

Yana Shankland
Director for Development of the Primary Share Market, Moscow Exchange Supervisory Board