New requirements for investors and violations abroadLast week, the Central Bank of Russia unveiled new regulations for the certification of qualified investors, clarifying the requirements for education levels, financial indicators and professional experience. Another important initiative was the decision to switch all key critical infrastructure facilities to domestic software; the government will announce the timing and procedure for this transition later.
German Azarov, an Associate in the corporate practice at Nordic Star Law Offices, notes that the new changes are aimed at improving the quality of selection of qualified investors and protecting retail participants from risks. Investors with professional knowledge will be able to access complex financial products even with limited savings. Thus, the current legislative initiatives are aimed at both protecting the interests of investors and simplifying business processes in the country.
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