The head of the Central Bank, Elvira Nabiullina spoke about the methodology of regulating the influx of private investors. The Chairman of the Central Bank stressed that many market participants accuse the Bank of Russia of an abundance of direct prohibitions.
Thus, private investors want to use different instruments, and the regulator imposes obstacles. However, the Central Bank representatives believe that it is necessary, first and foremost, to protect the rights of beginners in the market. This will allow profits in the long run, as beginners should get a positive experience in trading and gain a foothold in the trading space. Representatives of the financial regulator will adhere to this policy and monitor the actions of investors.
“The novice investor needs to get (first) a positive experience, and then he will demand more sophisticated instruments. (In doing so) we will promote passive collective investing in every way possible,” Elvira Nabiullina said.
Chairman of the Central Bank of Russia is concerned about the growing interest of Russians to foreign securities. Representatives of the regulator have recently noted an increase in the volume of investment in the Central Bank of foreign companies. More and more investors switch from IIS to non-resident shares. This situation pushes the Central Bank to abolish tax incentives for market participants using foreign financial instruments.