The Central Bank obliged brokers to warn clients about the risks of blocking securities of friendly countries

The Bank of Russia announced that from April 1, the rules for the purchase by unqualified investors of securities of companies from friendly countries are changing. If they are accounted for in an unfriendly depository, then the broker will be able to execute the client’s order only if he notifies him of the possible blocking of such securities.

“The broker can either send a message to the client using push notifications before each transaction, or inform him once about the rules of the purchase and obtain consent to accept the risk,” the broker says. message Bank of Russia.

The Central Bank also announced that from March 21, the admission of new foreign securities allowed for unqualified investors to the trading of the SPB Exchange is suspended if they are accounted for in an unfriendly depository.

From October 1, 2022, the Bank of Russia introduced restrictions on the purchase of securities of issuers from unfriendly countries for unqualified investors. From January 1, 2023, a complete ban on the purchase of these securities by inexperienced investors came into force. On March 16, the regulator published a list of securities that are available to unqualified investors. Among them, in particular, shares of foreign issuers admitted to trading in Russia and securities of foreign companies that conduct their main activities in the Russian Federation and the EAEU.