The Moscow Stock Exchange reported a sharp increase in the number of qualified investors. In August, there were almost 30 thousand more – the growth rate is much more active than before. The desire to become a “qualifier” appeared among ordinary investors after Russia decided to seriously restrict their access to the market.
Boris Blokhin, Director of the Securities Market Department of the Moscow Stock Exchange, provided statistics on qualified investors to RBC.
In August, there were 28.4 thousand more “quals” on the Moscow Stock Exchange. The monthly growth rate was 8%, which is much higher than before. During the last four months, between 1.4 and 2.8 thousand investors received qualified investor status each month.
“This is probably due to the fact that investors want to secure themselves, get this status to maintain access to the tools they need,” Blokhin explained.
In July, the Bank of Russia introduced an initiative to prohibit ordinary investors from buying foreign securities. In addition, they want to make obtaining the status of a qualified investor less accessible: raise the level of the amount of assets in the account from 6 to 30 million rubles and complicate the “qualification” tests.
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