Russian President Vladimir Putin signed a law limiting the sale of complex financial products in inexperienced investors. The document is published on the official Internet portal of legal information.
without passing special tests Investors will not be able to buy advanced financial instruments. For prohibition, for example, structural bonds fall. Testing will begin in the country from October 1 of this year, but some complex tools can not be purchased until April 1, 2022.
Financial organizations will have to provide customers with full or reliable information about the product, as well as risks. If this is not executed, the Central Bank will be able to limit the conclusion of contracts with unqualified investors.
/Media reports.