Credit and non-bank financial institutions have been advised to provide information about complex financial products on dedicated sections of their websites and mobile apps. Users will be able to access this information after confirming their status as qualified investors and reading about the risks associated with these instruments.
The Bank of Russia has issued recommendations aimed at reducing the likelihood of non-qualified investors being persuaded to purchase complex financial products that involve risk of losses.
Under Russian law, financial market participants are prohibited from offering certain complex financial products to non-qualified investors.