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

Proposals

• 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.

Effectiveness

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