The Central Bank postponed the introduction of a new category of investors

After a negative assessment by the participants of the consequences of the emergence of a new class and a series of discussions with the Central Bank, the latest version of the decree has been softened and provides for the introduction of a third category of investors from from April 1. 2025, and not from July 1, 2024.

In addition to postponing the implementation date, the new version of the decree contains the following points:

• This category will include clients with less than 1 year of experience in margin trading (this condition was also in previous versions of the decree), but for this transactions will be accepted not only with leverage, but also with derivative financial instruments (DFI). consider;
• Notification to KNUR clients about the risks of margin trading can be sent in the manner specified in the agreement with the broker (most often through the company’s application). At the same time, the investor does not need to be informed if he makes a transaction based on the broker’s individual investment recommendation. Additionally, if a professional participant sent a notification via software and hardware, confirmation of this fact does not need to be stored.

While brokers classify their clients into two categories, depending on this, they have access to different amounts of leverage when trading on margin: an investor with a special level of risk (CRRS) and with a higher level of risk (CRUR).

• According to the results of the first half of the year, the monetary volume of the Russian venture capital market plummeted 10 times. According to the Dsight platform, investments were only $27 million, a 21% year-on-year drop in the number of transactions. The negative trend will continue until the end of 2023, experts say.