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:








Comment on our site


RSS   twitter      submit



TAGS:
Lyapis Trubetskoy  Ministry of Construction and Housing and Communal Services   Russian business  Alisher Usmanov  biology  Rudolf Nureyev International Ballet Festival   Military  Toulouse-Lautrec  Valery Gergiev  Orthodoxy  Online Events during Quarantine  Vologda Architecture  Russian hotels  Astrakhan Region  Dagestan  Vladimir Putin   Ammunition  Exhibitions in Moscow  Vladimir Bortko  Moscow  Mikhail Bulgakov  Adolf Milman  Russian religion  golf in Russia  Mercedes-Benz Fashion Week   Vladimir Kovenatsky  technology  Olympic Games 2012  Linguists  Russian science  Russia  Parliament in Action  Russian scientists  Mercedes-Benz Fashion Week Russia  Theatre Festivals  St. Petersburg  Russian tourism  Situation in Libya  Russian law  Russian airports  Skiing in Moscow  Festival "Now & After"  calendar  FC CSKA  Russian economy  Time of Troubles  Russian Cinema  Elections 2012  Film Festivals  Ural Malachite 


Travel Blogs
Top Traveling Sites