The Central Bank will not again discuss the property qualification for qualified investors
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The head of the service for protecting consumer rights and ensuring the accessibility of financial services of the Central Bank (CB) of Russia, Mikhail Mamuta, said that the Bank of Russia has proposed parameters for increasing the property qualification to recognize investors as qualified. He added that the Central Bank proposed the previously outlined deadlines and there is no new subject for discussion in the issue.
“We agreed that we must ensure the synchronization of these requirements with the norms that are in the new law. And we are ready to do this, but for this we just need the law to be adopted,” Mr. Mamuta told reporters (quoted by “Interfax”).
In January, the Central Bank published a draft according to which the property qualification for obtaining the status of a qualified investor will be increased from 6 million rubles. up to 12 million rubles from 2025 and up to 24 million rubles. from 2026. On February 5, the National Association of Stock Market Participants (NAUFOR) sent a letter to the Central Bank with a proposal to further discuss the size of the increase in the qualification and the timing of its introduction.
The Bank of Russia has proposed increasing the property qualification in 2022. Initially, the regulator announced its increase to 30 million rubles. In November 2023, a bill on the increase was submitted to the State Duma. It states that an investor will be considered qualified if he meets education, work experience, size of property and other criteria.
Read more about changing requirements for investors in the Kommersant text. “The Central Bank will add millions to investors”.
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