Really answer questions to testing private investors, prepared by the Central Bank of Russia, were able only to 30 percent of the Master of Chuvash Economic Universities. This was told by the head of the National Association of Fund Market (Nauphor) Alexey Timofeev, RBC reports.
According to him, the result indicates that the tests are not so simple so that anyone can pass them. At the same time, he admitted that soon the process would be easier, since the regulator will publish these questions, and they can be prepared.
As follows from the CB report, the tests also passed the participants of the annual competition of the Moscow Exchange “Best Private Investor”. As it turned out, the higher the result, the greater income received the participant from September 17 to November 17.
However, anomalies arose. Thus, the invested test investors (0 or 1 score with a maximum of 6) were able to reach in a plus on bonds without a rating (considered a complex product), which did not manage to investors with two points. And in the Financial Instruments section, investors with a score of four received two times lower income than investors with three points. In the current market, all the losses received all, but illiterate investors (one score) lost less than everyone.
As a result, the regulator concluded that it should be increased by the number of questions from 7 to 11 and to modify them in a certain way. Consideration of the test of testing is scheduled for April 14.
The law describing the testing mechanism was adopted in the summer of 2020. It is assumed that without passing the test, the broker will not allow citizens to use complex tools. The rules will become relevant from October 1, 2021, and each broker is free to supplement them at its discretion. Successful testing of the test will not give the status of a qualified investor and it will not be obliged to be taken by another broker.
Earlier, the head of the Department of Department of the Central Bank to counter the unscrupulous practices Valery Lyakh warned that novice investors should not wait for the repetition of the success of last year and hope that the stock market takes off at the same speed.