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/ôîíäîâàÿ-òîðãîâëÿ-ìîíèòîð-áèçíåñ-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


Ïàðòåð


TAGS:
Chelsea FC  Andrei Lazarchuk  Valeri Zolotukhin  Konstantin Lopushansky  Russian Cinema  buy Russian designers  Valery Gergiev  Moscow  Russian space exploration  Viking  Russian science  Russian business  Russian boxers  Russian Desserts  Perm  polls  Rostov  Sheremetyevo Airport  Kliment Timiryazev  Chukotka  Joseph Stalin  EU sanctions  Darwin Museum  Red Army  Mercedes-Benz Fashion Week Russia  St. Petersburg  Monuments to People  Russian holidays  Russian tourism  St. Petersburg Parks   Encephalitis  Russian economy  Ostrovok  Archeology  Russian oil companies  Russian hotels  Andrey Zvyagintsev  Palaeoecology  Kostroma region  Exhibitions in Moscow  Valentin Yudashkin  New Year  Akhtubinsk  Shakira  History of Russian Literature  Russian Songwriters  Charity  Soviet Union  Russian scientists  championships 


Travel Blogs
Top Traveling Sites