Central Bank and representatives of self-regulating organizations (SRO), including the National Association of Fund Members (Naphor), invented new rules for the Russian Exchange, writes RBC.
Innovations concern qualified investors who want to acquire complex financial instruments. Now, to go beyond the basic possibilities and access additional assets, including derivative financial instruments (derivatives), they need to pass special tests for knowledge of the foundations of the exchange case.
Initiative authors offer to supplement such tests with individual issues for each investor. “The tasks will be individual for each tested due to a change in numerical values in conditions. This will reduce the risk of using pre-known responses,” said Nauphor Alexey Timofeev.
At the same time, the idea is still at the discussion stage. The Central Bank and representatives of the professional community have not come to the final decision.
CB introduced mandatory testing for unskilled investors in October last year. Without his passage, they will be able to conclude only approved and recognized by the regulator of low-risk transactions, for example, with shares and bonds trading in Russian stock exchanges. To obtain the status of a qualified investor, in turn, one of several conditions must be observed: to have economic education, relevant experience, equivalent to 6 million rubles in the account or make a transaction for the same amount over the past few months.