The Central Bank has determined the securities available to unqualified investors
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The Bank of Russia has determined the securities available to qualified and non-qualified investors. The instruction of the Central Bank was published on website regulator on March 15, dated January 9.
Only qualified investors have access to:
- securities issued in hostile countries;
- securities stored through the infrastructure of hostile states;
- production financial instruments, where such securities are the underlying asset.
- Brokers will not be able to sell foreign securities that are at risk of blocking to unqualified investors.
The rest are available:
- Eurobonds for which a Russian legal entity has obligations to holders;
- shares of foreign issuers admitted to trading in Russia;
- securities of foreign companies that conduct their main activities in Russia and the EAEU;
- Russian and foreign depositary receipts for securities of foreign companies that conduct their main activities in Russia and the EAEU.
As explained RBC According to the press service of the Central Bank, unqualified investors still have access to securities of friendly countries, which are not accounted for through the infrastructure of unfriendly states. It also retains access to foreign securities, whose issuers mainly operate in Russia and the EAEU. “We do not plan to limit the sale of these securities,” the press service said.
From October 1, 2022, the Central Bank has limited the ability to purchase securities of issuers from unfriendly countries for unqualified investors. From January 1, 2023, a complete ban on the purchase of these securities by inexperienced investors came into force.
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