Russia – CB Rules on Qualified Investors

Russia – CB Rules on Qualified Investors

On 1 March 2022, RUS CB issued draft rules on securities and derivatives.

  • RUS CB issued draft ordinance on securities and derivative financial instruments intended for qualified investors and on certain requirements for brokerage activities.


  • Aims to protect individual investors, for risks of transactions with financial instruments.
  • To prevent unqualified individual investors from accessing instruments with high risks.
  • Provides that securities intended for qualified investors are securities for which amount of payments depends on occurrence or non-occurrence of one or more conditions.


  • Comments requested by 7 March 2022; ord to come in force 10 days after publication.