London Stock Exchange (LSE) is adjusting the maximum spread requirements for certain Russian equity Exchange Traded Funds (ETFs). LSE explains that the change is due to global financial market conditions.

The Exchange advises registered market makers that, in accordance with Rule 4102 of the Rules of the London Stock Exchange, it is widening its maximum spread requirements to 10% for the Russian equity Exchange Traded Funds listed below. This change takes immediate effect and will remain in place until further notice.

LSE said in a market notice:

“In light of global financial market conditions, London Stock Exchange advises registered market makers that, in accordance with Rule 4102 of the Rules of the London Stock Exchange, it is widening its maximum spread requirements to 10% for the Russian equity Exchange Traded Funds listed below. This change takes immediate effect and will remain in place until further notice”.