Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The Central Bank will Restrict the Sale of Complex Investment Products to Inexperienced Investors
13.01.2021 10:48
The Central Bank will Restrict the Sale of Complex Investment Products to Inexperienced Investors
(Source: https://pixabay.com/ru/photos/----1863880)

The Bank of Russia has developed a draft directive restricting the sale of complex financial products to unqualified investors. The corresponding document is published on the regulator's website.
      According to the regulator, novice investors may suffer losses from complex investment products, which will lead to disappointment in the possibilities of the financial market. According to the project, professional market participants will be prohibited from making some transactions on behalf of or at the expense of unqualified investors before testing. Thus, the prohibition applies to transactions with bonds, the amount of payments for which depends on the occurrence or non-occurrence of certain circumstances. In addition, the regulator will prohibit offering derivative financial instruments to unqualified investors if the contracts are not concluded through organized trading. The project will take effect in 10 days. In mid-December, the Central Bank published a letter recommending not to sell complex investment products to unqualified investors until the introduction of mandatory testing for the right to purchase them.
      According to the law, such testing should begin in April 2022, but the regulator is discussing with the market to transfer it to the beginning of October 2021.
      
      

Sources: https://rb.ru 


Author: Anna Dorozhkina

Tags: Russian laws Russian economy Russian banks   

Next Previous


You might also find interesting:

Catering Companies Change their Business due to the Pandemic
11.08.2020
25% of Russian Companies are on the Verge of Bankruptcy
28.12.2020
Ruble Lost One-sixth of its Value in a Year
11.01.2021
Moscow Put up for Auction 68 Properties at Discounted Prices for SMEs
14.09.2020
AliExpress Russia Launched a Month in Support of Domestic Fashion Brands
25.08.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Russian Arts and Crafts  international cooperation  science units  Moscow tourism  travel to Russia  Harry Potter  Elbrus  RFID  Russian space exploration  Festivals in Moscow  Russian tourism  Shows in Moscow  Moscow  Moscow State Theatre of Operetta  Rosa Khutor  Pussy Riot case  the Urals region  Norilsk Nickel  Rock-n-roll  Dmitry Kardovsky  Russian Rock Music  Kostroma region  Russian parliament  Exhibitions in Novosibirsk  Russian regions  Exhibitions in Moscow  Primorye  oil price  Fashion Futurum  Kaluga Region  Sport-Express  Ryazan  Sevsk  Vladimir the Great  Gravitational Waves  Mercedes-Benz Fashion Week Russia  Russian political parties  Yevgeniya Chirikova  Pavlovsk  Alexei Ivanov  Murmansk Region  Russian football  Russian education  Russian sportswomen  St. Petersburg  Russian business  Archeology  Jerusalem  Power plant   Russian Cinema 


Travel Blogs
Top Traveling Sites