Central Bank restrictions on unqualified investors.

 

https://www.kommersant.ru/doc/4101372?utm_source=yxnews&utm_medium=desktop&utm_referrer=https%3A%2F%2Fyandex.ru%2Fnews

If this article is to be believed, the restriction can be circumvented. That is, an investor can buy the paper he wants if he insists very strongly on it. Quote -Aisha Kubezova, head of methodology at BCS Premier, believes that the main advantage of the new version of the bill is precisely that execution of the order is officially allowed if the client insists on the transaction.

...

If the bill comes into force, the derivatives market will become inaccessible for unqualified investors. And then it will no longer be possible to buy shares and sell futures on those shares.

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  • 2019.09.22
  • Газета "Коммерсантъ"
  • www.kommersant.ru
07:00
 
Vitalii Ananev:

https://www.kommersant.ru/doc/4101372?utm_source=yxnews&utm_medium=desktop&utm_referrer=https%3A%2F%2Fyandex.ru%2Fnews

If this article is to be believed, the restriction can be circumvented. That is, an investor can buy the paper he wants if he insists very strongly on it. Quote - Aisha Kubezova, head of methodology at BCS Premier, believes that the main advantage of the new version of the bill is precisely that execution of the order is officially allowed if the client insists on the transaction.

...

If the bill comes into force, the derivatives market will become inaccessible for unqualified investors. And then it will no longer be possible to buy shares and sell futures on those shares.

I don't understand why they are so worried about unqualified investors? On the contrary, I think everyone should have full access to investments.

What goals they are pursuing, that is what I do not understand, liquidity is already disgustingly low, the economy will develop better, if the stock market develops, everyone will remain in the black, but now it turns out to be barrier measures.

 
Maxim Romanov:

I don't understand why they are so worried about unqualified investors? On the contrary, I think everyone should have full access to investments.

What goals they are pursuing, that's what I do not understand, liquidity is already disgustingly low, the economy will develop better, if the stock market develops, everyone will remain in the black, but now it turns out to take barrier measures.

They are worried about newcomers losing money. They want to save them. :) But I think they will do very little good. If they really want it, they will go to foreign brokers or go to Forex. The Russian market already has a poor choice and they are restricting it. Instead, they would better introduce a course in elementary financial literacy in schools.

 
Vitalii Ananev:

They are worried that newcomers are losing money.

Imho, Sber has pushed it through, they are interested in taking over the investment activities of the population ... as they say, "the road to hell is paved with good intentions", you will have one more intermediary to feed))) - Sber has long had investment programmes for the population, but they are not much in demand, so they have to decide their interests through legislation.

I read a couple of years ago, these proposals from the Savings Bank, as usual in small print, it says that the investment package does not guarantee the maximum expected rate of return

ZS: Sber has nowhere to put their money, I read recently that they have already invested in food delivery services, so where can Sber make money if they are everywhere? Well, if not Sber, then there is WTB ;)

 
Igor Makanu:

I think it was Sberbank that pushed it through, it's interested in taking over the investment activities of the population ... as they say, "the road to hell is paved with good intentions", so you have one more intermediary to feed))) - Sber has long had investment programmes for the population, but they are not much in demand, so they have to decide their interests through legislation.

I read a couple of years ago, these proposals from the Savings Bank, as usual in small print, it says that the investment package does not guarantee the maximum expected rate of return

SZZY: Sberbank has nowhere to put their money, I've read recently they even invested in food delivery services, so where can Sberbank make money if they are everywhere? Well, if not Sberbank, then WTB is there ;)

I do not know who came up with it but the initiative comes from the Central Bank. Sberbank and VTB as brokers do not benefit from losing clients. If all of them will be restricted, the flow of clients from Russian brokers to foreign brokers who have no such restrictions.

But it is only a bill, maybe they will come to their senses and the law will not be passed or the restrictions will not be so strict.
 
Vitalii Ananev:

If we do not have such restrictions, there may be an outflow of clients from Russian brokers to foreign brokers who have no such restrictions.

I remember Potapenko saying at the beginning of the year that preparations were being made to limit the circulation of foreign currency with the public, somewhere on YouTube,

The devil knows, maybe he is right about the situation, we will see.

 
I do not understand our government. Well, if you have no thoughts of your own, at least analyse someone else's experience. Who invested in H. Ford's plants? Investment companies? Banks??? It looks like sabotage of such a bill.
 
Alexey Viktorov:
I don't understand our government. If they have no thoughts of their own, they should at least analyze other people's experiences. Who invested in Ford's plants? Investment companies? Banks??? It looks like sabotage of such a bill.

They banned casinos too, what's so strange about that? For example, we have gangs operating around illegal establishments, seriously, you want to go to an illegal establishment, you lose there, and they will turn your pockets upside down.

 
Alexey Viktorov:
I don't understand our government.

I haven't decided which part of the sentence is more important: either "I don't understand" or "our" - depending on which part of the sentence dominates you can ... we can not go into politics (((

so let it be that we don't understand what's going on around us and our government is doing the best it can....

;)

 
Igor Makanu:

I haven't decided which part of the sentence is more important: either "I don't understand" or "our" - depending on which part of the sentence dominates you can ... we can not go into politics (((

so let it be that we don't understand what's going on around us and our government is doing the best it can....

;)

+++, thanks

 
Vitalii Ananev:

They are worried that newcomers are losing money. Decided to save them that way. :) But I think this will do very little good. If they really want it, they will go to foreign brokers or go to forex. The Russian market already has a poor choice and they are restricting it. Instead, schools would better introduce a subject teaching elementary financial literacy.

This is unlikely, people who create laws, do it solely for their own benefit, the question is what and whose benefit it is.

I was analysing stock charts of Russian companies and came across a significant difference from the behaviour of large, emerging US companies. Large US companies have a trending chart structure on all scales (i.e. there is active trading there), indicating a high inflow of funds. Our companies have a flat structure on some scales, which could qualify as a withdrawal of funds. I assume that those concerned are manipulating the market, leading to apparent stability of the asset. For example: We withdraw money from the company, take it offshore, then allegedly attract foreign investment and buy our own shares. From this manipulation, the paper seems to grow on a large scale, but at intermediate scales flattens out. Probably, the interested parties do not want to attract many unnecessary participants to the market, so that liquidity remains under control. You can see it well on Gazprom, for example.

This is purely my speculation, the truth may be different.

Reason: