The Central Bank of the Russian Federation is preparing a draft law that will regulate the sale of complex financial instruments

The Central Bank of the Russian Federation is preparing a draft law that will regulate the sale of complex financial instruments

The Central Bank of the Russian Federation is preparing a draft law that will regulate the sale of complex financial instruments

The Bank of Russia is preparing a bill that will regulate the sale of complex financial instruments, said the first deputy chairman of the Central Bank of the Russian Federation Sergei Shvetsov. “We are now preparing a draft law that will regulate the sale of complex financial instruments. The law will contain both rules that will restrict misseling (unfair sales practice) and punishment if this misseling is detected,” he said at the Bank of Russia Open Day.

“In parallel, within the framework of the existing powers with each major financial institution that is seen in misseling, we have roadmaps to exclude this phenomenon from the activities of financial organizations,” Shvetsov added.

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