NAUFOR warned about the risks of increasing the property qualification for qualified investors

When the property qualification is increased to 24 million rubles. the number of qualified investors in Russia may decrease by almost eight times. This forecast was presented by the National Association of Stock Market Participants (NAUFOR), it is cited by Forbes.

According to NAUFOR, 380 thousand investors meet the current criteria. However, if the amount required to confirm the status increases to 24 million rubles, there will be less than 50 thousand of them left.

According to NAUFOR, qualified investors make up about 60% of the turnover on the stock market. 73% of all assets are concentrated in the accounts of qualified investors.

The Association sees several negative consequences of increasing the property qualification: reducing the possibility of recovery and increasing market liquidity; limiting the attraction of clients by brokers, and, in particular, a significant limitation on the number of investors in trust management and mutual funds.

NAUFOR also predicts an increase in the outflow of funds to alternative instruments, including cryptocurrency, as well as to foreign markets. The attractiveness of the market for foreign issuers and investors will decrease, but at the same time the vulnerability of investors to volatility will increase, and the cost of borrowing for the state and enterprises will increase.

Currently, the property threshold for a qualified investor is 6 million rubles. The Central Bank agreed to increase this criterion fourfold in July: first to 12 million rubles, then twice more. According to the head of the service for protecting consumer rights and ensuring the availability of financial services of the Central Bank, Mikhail Mamut, the Central Bank may increase the qualification to 12 million rubles. one year after the adoption of the relevant law. But on October 17, the law was not adopted.

Details – in the material “Kommersant” “KNUR and carrots for investors”.

Anastasia Larina