The Bank of Russia proposed to increase the amount of assets needed to qualify as a qualified investor from 6 to 30 million rubles and review the requirements for its formation.
This, according to the regulator, is in line with “global practice for determining ratings by state of ownership.”
The proposals are contained in the Central Bank's concept on improving the protection of retail investors.
In addition to raising the threshold to 30 million rubles, it also proposes to temporarily allow transactions in foreign securities only to qualified investors. This is explained by infrastructural and sanctions risks, which can lead to "an increase in the volume of frozen assets of retail investors."
It is also proposed: to increase the number of questions in the tests for investors and to introduce time intervals between repetitions; create registries with qualified and unqualified investors who have passed the test; Obligatory notification of risks in operations with borrowed funds.
The Central Bank will discuss the proposals "with legislators, market participants and the government of the Russian Federation."
Author:
anastasia mariana
Source: RB
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