The Russian regulator is targeting financial intermediaries to restrict the sale of derivative and structured products to non-qualified investors.

The Bank of Russia has released new recommendations aimed at securities houses and banks acting as their agents urging them to refrain, until the launch of mandatory testing, from the sale of ‘compound and high-risk financial instruments’ to non-qualified retail investors that don’t have the appropriate experience to invest in such instruments. According to the regulator’s monitoring data, an increasing num

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