Instruments in the assets of mutual funds limit the by using agile methodologies and project management platforms possibilities for implementing synthetic investment strategies in individual assets that are popular abroad when forming niche ETFs. However, the Bank of Russia does not plan to revise this limitation and has provid for a similar norm for the structure of ETF assets admitt to circulation on Russian organiz trades. In our opinion, this ruces the risks of retail investors and helps control systemic risk in the financial market.
To what extent is it possible to implement
the issuance of shares in foreign currency, which market participants have been asking for for a long time?
According to the current currency legislation, this is not permitt. At the same time, transactions for the purchase and sale of investment units of Russian mutual funds in foreign currency may be carri out at organiz trades if the rules of such funds provide for the payment of monetary compensation upon remption of units and the payment of income on units in foreign currency.
Russian management companies do inde propose
To amend the legislation and provide the opportunity what skills are ne to analyst? to issue mutual fund investment units in foreign currency. However, we do not support this idea. In our opinion, the expansion of operations with investment units in foreign currency, as well as the general expansion of the use of foreign currency in ao lists domestic settlements, creates additional risks to financial stability.
The Know Your Customer platform will ruce the burden on bona fide entrepreneurs.