Non-qualified investors will soon have more options in the financial market. After testing, they will be able to buy structured income bonds linked to the value of securities from some large foreign exchange-traded funds (ETFs). This type of bond is considered less risky because it guarantees the return of the nominal value of securities upon redemption.
The Bank of Russia plans to set requirements for selecting funds that issue these bonds. Additionally, there is a proposal for non-qualified investors to purchase units of closed-end unit investment funds (closed-end UIFs) without testing. These closed-end UIFs should invest in liquid market assets and not contain blocked foreign securities.
Draft ordinances relevant to these proposals have been posted for regulatory assessment. The terms for non-qualified investors' access to stock market instruments are being clarified according to changes in investor qualification and testing laws.