Bank of Russia Eases Qualified Investor Rules for Expanded Trading Activities

The Bank of Russia has relaxed its requirements for obtaining qualified investor status in the country. To qualify, individuals must now pass a test on financial and banking knowledge or obtain one of several certifications from reputable institutions.

Previously, only international certifications were recognized as valid proof of expertise. The new rules, which take effect on August 31, aim to make it easier for people to gain the necessary knowledge before entering the market.

Mikhail Mamuta, Deputy Governor of the Bank of Russia, emphasized that the goal is not to increase the number of qualified investors but rather to encourage people to learn and understand the risks involved in complex financial instruments.

The move comes after recent regulations established limits for non-qualified investors on crypto purchases. Retail qualified investors enjoy higher limits than their unqualified counterparts, with a cap of 300,000 rubles ($3,800) per year through a single licensed intermediary.