SEC fined Bloomberg $5 million for incorrect asset valuations, and the government will simplify access to the stock market for investors from “friendly” countries – these and other important news for Tuesday morning, January 24, in our daily review.

The U.S. Securities and Exchange Commission has fined Bloomberg Finance for $5 million. Bloomberg’s subsidiary misled clients of the paid service BVAL about determining the value of certain fixed-income assets, Interfax writes with reference to the SEC.

The authorities plan to simplify the access of investors and companies from “friendly” countries to the Russian stock market, according to the government-approved strategy for the development of the financial market until 2030, which was familiarized by Izvestia. It is about creating incentives for non-residents to invest in Russian instruments even against the background of sanctions restrictions. For this purpose, it is proposed to improve tax conditions for foreign investors, including in the area of remote identification, and to develop the issue of securities by companies from “friendly” countries in the Russian market.

The government has prepared a preliminary version of the concept of technological development of Russia until 2030. This is reported by “Kommersant” with reference to a source familiar with the document. The authors of the concept propose to create new mechanisms for commercialization of intellectual property (IP), including its use as collateral in lending. IP disputes are proposed to be transferred from courts of general jurisdiction to arbitration courts.

Sberbank PJSC changed the procedure for withholding personal income tax from the amounts of accumulated coupon income (ACI) on bonds. The bank announced this by updating the information on its website in the section “Popular questions about brokerage services”. “Effective January 1, 2023, no tax will be withheld on coupons that are deposited into a brokerage account until the end of the year or until the assets are withdrawn,” the website said.

March contracts for delivery of Brent crude oil at 19:13 Moscow time cost $89.01 per barrel, according to data from the ICE Intercontinental Exchange. This is 1.56% higher than the price at the close of trading on January 22. The price of Brent exceeded the threshold of $89 for the first time since December 1, 2022.