Translation. Region: Russian Federal
Source: Central Bank of Russia –
An important disclaimer is at the bottom of this article.
The Bank of Russia has defined the rules for servicing foreign investors, which got the right invest in the Russian financial market using new money.
According to the decree of the President, foreign investors have access to deposits in Russian credit institutions, securities both at organized trades in the unaddressed mode and at the initial placement, as well as instruments of the organized futures market. But in order to acquire assets, a foreigner must open an "In" account.
The Bank of Russia has established mode such accounts andconditions their opening in banks and professional participants. It is also prescribed that brokers and managers must keep separate records of assets of foreign investors, and banks and accounting institutions must exchange information when performing transactions on "In" accounts.
In addition, the Bank of Russia lifted restrictions for the purchase of foreign currency on the domestic market for foreign investors from unfriendly countries who will come to the Russian market and invest according to the new rules.
Foreigners who currently have "C" accounts can also invest through "In" accounts using the new money. However, the assets recorded in "C" accounts will remain under a restricted regime and cannot be used for investment.
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