Investors must be deemed qualified in order to access foreign exchanges and buy foreign securities not listed in Russia. The new rule defines qualified investor as compliant with at least one of the requirements: a) owning a minimum of RUB 6mln worth of securities or b) minimum 2 years’ employment at a company with securities trading volumes of RUB 6mln in the past year.

NAUFOR took an active part in debates with the regulator over the new rule: in the initial draft the CB increased minimum investment from 3 to 15 million roubles, and minimum work experience from 2 to 3 years.

Trading infrastructure, Project Group №1