Moscow exchange will allow certain non-residents to trade
So far, only investors from countries will be able to sell shares, which Russia considers friendly Who will be allowed to trade and under what conditions Clients from countries, which were not included in the list of unfriendly states. The authorities of the Russian Federation approved such a list in March 2022 - countries, who imposed or supported sanctions against Russia: USA, EU countries, Japan, Australia and others. Investors from these countries are still unable to trade on the exchange. Non-residents from other countries will have the same access to the stock and derivatives markets, like the residents. But they will be subject to additional control.. Professional market participants - banks, brokers and management companies are required to identify non-resident clients and persons, who control them. There is an algorithm, by which professional participants check clients, and then transfer the information to the Moscow Exchange. The organization will add a new field to it, which, together with the customer's country code, defines, can a non-resident make transactions or not. By default, all clients will receive an indeterminate status.. For customers from Russia and Belarus, this will not change anything: they will be able to trade as before, explained Mosbirzha in the FAQ for professional participants. For a non-resident to gain access to trading, his bank, broker or manager must set the appropriate value. Information is updated on the next trading day. If the status of the client changes over time, then the professional participant will have to update the information - for example, if the "unfriendly" non-resident goes into the category of "friendly", and vice versa, written in the FAQ of the Moscow Exchange. Когда откроют торги для всех нерезидентов ЦБ планирует открыть торги для всех иностранных инвесторов, but on special terms. For non-residents from countries, recognized as unfriendly, as well as for "friendly" non-residents, controlled by "unfriendly", will launch a separate …
Moscow exchange will allow certain non-residents to trade Read more
