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Jul 31, 2020
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Putin signed a law on categories of investors in the financial market

Russian President Vladimir Putin signed a law according to which various categories of investors are enshrined at the legislative level, the corresponding document is presented on the official Internet portal of legal information.


In particular, the law provides for a division into unqualified and qualified investors. The last category will include commercial organizations whose annual revenue is at least 30 billion rubles, and net assets - at least 700 million rubles according to their annual financial statements for the last reporting period, should from the document.

Additionally, the law expands the list of financial instruments and transactions available to unqualified investors. So, they will have the right to purchase securities (except for bonds), included in the quotation lists of the exchange, as well as bonds (except for structural) with a credit rating not lower than that established by the Central Bank. It also provides for the right to purchase Eurobonds of Russian and foreign issuers issued in accordance with the law of a member state of the EAEU, the EU or the UK, if these countries have entered into an agreement with the Russian Federation to avoid double taxation.

The following instruments are available to unqualified investors: investment shares of open-ended, interval and exchange-traded mutual funds, not limited in circulation, as well as government securities of the Russian Federation and other securities. They will also be able to make transactions with other financial instruments, subject to passing the appropriate testing.






NEWS.ru previously wrote that Vladimir Putin signed a law according to which members of horticultural non-profit partnerships (SNT) can hold meetings in absentia until the end of 2020, the corresponding document is presented on the official Internet portal of legal information.

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