Translation. Region: Russian Federation –
Source: Central Bank of Russia
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The Bank of Russia has identified key changes in the regulation of retail mutual investment funds (MIFs). based on the results public discussion reportThey are aimed at increasing the investment attractiveness of mutual funds and protecting the rights of retail investors.
The regulator plans to expand the investment portfolio by including non-exchange-traded securities and simple digital debt assets. However, the share of such products in retail mutual funds will be capped at 10% (20% for closed-end mutual funds).
Furthermore, it is planned to grant the management company the right to abandon the formation of a mutual fund if the idea has lost its relevance or there is no demand for such an investment strategy. This will speed up the return of funds to investors paid for investment units.
A procedure for consolidating several exchange-traded mutual funds into a single fund will also be introduced. This option is currently available to open-end mutual funds. It is used to improve fund management efficiency and minimize operating costs.
These and other measures are planned to be developed in 2026–2027.
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