Central Bank restrictions on unqualified investors. - page 6

 
Vitalii Ananev:
The law has passed its third reading. https://www. rbc.ru/finances/21/07/2020/5f1044fc9a7947c9e75524cc


You have to have deals of more than RUB 6m and there is no problem.

 
Can you score deals if you're not allowed to the table as an unqualified beggar?
 
Consideration of the law at the Federation Council meeting
24.07.2020
  • The law is approved (Date of notification to the State Duma 24.07.2020; Date of notification to the President of the Russian Federation 24.07.2020)

 
Still, I would like comments from qualified investors... If I, with a few hundred thousand in my account, buy and sell, say, 6 million worth of shares a year before the law comes into force, will I also become a qualified investor? :) If I bought for 300k, then sold immediately, does a turnover of 600 and 10 such transactions solve the problem?
 
Nilog:
Still, I would like comments from qualified investors... If I, with several hundred thousand on my account, buy and sell, say, 6 million worth of shares a year before the law takes effect, will I also become a qualified investor? :) If I bought for 300k, then sold immediately, does a turnover of 600 and 10 such transactions solve the problem?

What if they don't?

Why is there no desire to take the exam and become more knowledgeable?

I wonder what kind of exam it will be, where to read the questions and get material to prepare for it.

 
Aleksey Vyazmikin:

What if they don't?

Why is there no desire to take the exam and become more knowledgeable?

I wonder what kind of exam it will be, where to read the questions and get material to prepare for it.

Brokers should have some informative materials. For example VTBhttps://broker.vtb.ru/school/for-beginners/(do not consider me an advertisement). Mosbirzhi also has a school for investors

https://school.moex.com/ . In general, if you Google it, you can find a lot.
 
Vitalii Ananev:

Brokers must have some kind of educational material. For example VTBhttps://broker.vtb.ru/school/for-beginners/(don't take that as an advertisement). Mosbirzhi also has a school for investors

https://school.moex.com/ . In general, if you Google it, you can find a lot.

I mean this particular law - it should have its own examination, its own regulations.

And the links are nonsense for beginners, I think the examination will be more severe requirements for knowledge.

 
Aleksey Vyazmikin:

I mean this particular law - it should have its own exam, its own regulations.

And the links are nothing for beginners, I think the exam will have stricter requirements for knowledge.

As far as I understand, you only have to pass the test with a broker and you do not have to worry whether you are qualified or not and you can easily buy what you want. It seems that you have to pass the exam if you want to receive the FFMS certificate https://cbr.ru/securities_market/validation/examination/. Such a certificate automatically makes you a qualified investor and I think certificate 1.1 even gives you the right to be a broker or a forex dealer.

Аттестация специалистов финансового рынка | Банк России
  • cbr.ru
Аттестация специалистов финансового рынка включает в себя прием у граждан квалификационных экзаменов в сфере профессиональной деятельности на рынке ценных бумаг, деятельности управляющих компаний и специализированных депозитариев и выдачу им соответствующих квалификационных аттестатов специалистов финансового рынка. Аттестацию осуществляют...
 
Aleksey Vyazmikin:

What if they don't?

Why is there no desire to take the exam and become more knowledgeable?

I wonder what kind of exam it will be, where to read the questions and get material to prepare for it.

I do not go to the exchange for knowledge, but for money. Knowledge is an understanding of the objective laws of motion of matter (Newton's laws) or the abstraction of existence (the area of a circle).

The rest are rules invented by people. Which tend to change. At the beginning of the 20th century, there was "Knowledge" that you can't just go ahead and print a truculus. Now they print it. Why would I want "knowledge" that merely reflects the views of some worst motivated morons? You tell me else that accounting or luggage rules are knowledge.

Sorry for the scathing post.

 
Vitalii Ananev:

As far as I understand, all you have to do is get tested by a broker and you don't have to worry about whether you are qualified or not and buy what you want. It seems that you have to take the exam if you want to be certified by the Federal Financial Markets Service https://cbr.ru/securities_market/validation/examination/. The certificate automatically makes you a qualified investor and I think certificate 1.1 even gives you the right to do brokerage and Forex dealing.

And I think this issue will be toughened up and there will be compulsory courses after which you can take a test, which is generally not bad. We will see in general.

But it is also not clear what period they will measure turnover for.