Bank of Russia extends ban on selling unfriendly states’ securities to non-qualified investors
By its order, the regulator has extended the ban for another six months. This order will be effective until 1 October 2023 when the Bank of Russia Ordinance establishing these restrictions on an ongoing basis will come into force.
The list of securities accessible only to qualified investors includes:
- securities issued by unfriendly states;
- securities where unfriendly states’ infrastructure is used for the safekeeping and interest payments; and
- deliverable derivatives with the above securities as an underlying asset.
Non-qualified investors will be allowed to purchase friendly states' securities that are not recorded through unfriendly countries’ infrastructure and securities issued by entities carrying out their activity predominantly in the Russian Federation and the Eurasian Economic Union.
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