05.07.2022 18:55 / TASS
The State Duma adopted a law on tax support measures for citizens and businesses The State Duma adopted in the third, final reading a law on a set of measures for tax support of citizens and businesses in the face of sanctions pressure. The document was initiated by the government of the Russian Federation.
05.07.2022 18:51 / TASS
The State Duma adopted a law on the merger of the PFR and the FSS The State Duma at a plenary session on Tuesday adopted in the third reading a bill on the creation of a unified Pension and Social Insurance Fund (Social Fund of Russia), as well as a package of related initiatives, including amendments to the Tax and Budget Codes of the Russian Federation.
05.07.2022 18:41 / TASS
Duma passes IPO/SPO bill in second reading The State Duma adopted in the second reading a bill aimed at developing the institution of public placement of securities on the Russian financial market. The document, which amends the law "On combating the misuse of insider information and market manipulation," was initiated by a group of deputies and senators headed by Anatoly Aksakov, chairman of the State Duma committee on the financial market.
17.05.2022 16:18 / TASS
Central Bank to launch cybersecurity education course The Bank of Russia will launch an educational course on cybersecurity in the 2023-2024 academic year at the Higher School of Economics (NRU HSE), announced Head of the Central Bank of the Russian Federation Elvira Nabiullina, speaking at Junior Pay Tech Forum 2022.
19.04.2022 16:49 / The Bank of Russia
Russian issuers to close foreign depositary receipt programmes A ban on issuing and trading in foreign depositary receipts for Russian issuers’ shares will come into effect on 27 April 2022.
15.04.2022 16:36 / TASS
The Central Bank of Russia rolls out new support measures for the financial sector The Central Bank has prepared a new series of measures to support the Russian financial sector, the regulator said in a release. The CB allowed banks until the end of the year to postpone the formation of reserves for possible losses in respect of assets that have been blocked abroad.
Bank of Russia sums up results of first three months of non-qualified investors’ testing
15.02.2022 19:12 / The Bank of Russia
These are the results of the monitoring held by the National Association of Securities Market Participants (NAUFOR) and the National Finance Association (NFA) and commissioned by the Bank of Russia. It draws on data for October—December 2021 provided by 24 major brokers servicing 19.7 million clients at the end of last year. Over the three months, 2.8 million people took the test.
Mandatory non-qualified investors’ testing started on 1 October. Test questions are to help people evaluate their knowledge and risks that they intend to assume. Since the number of attempts is not limited, an investor can be tested several times in case of negative results. Moreover, even in case of a failure, they can make the planned transaction for a limited amount, if a broker resorts to the right of ‘last word’. Slightly over 20,000 people used this option.
Most often, investors were tested before buying Russian shares not included in quotation lists (18.7% of the total number of those tested), as well as foreign shares not included in key world indices (18.2%). These were followed, by a wide margin, by purchases of Russian bonds with a low credit rating or without it (9.96%) and transactions with other instruments. Specifically, 5.9% and 6.8% of investors were tested to buy structured income bonds and structured bonds, respectively.
Similar results were demonstrated by the first measurement conducted in October 2021.