The Central Bank called the percentage of investors who successfully passed the exam for “qual”
Since the end of the summer, Russian investors have had a new way to get the status of “qual” – to pass a special test. The results of the first month since its launch showed that 60% of people successfully passed the exam
The share of investors who successfully passed the examination for obtaining the status of a qualified investor, in the first month was 60% of the total number of passers. Such data was led by Deputy Chairman of the Bank of Russia Mikhail Mamuta on the air of the program “Markets.Itogi” on Radio RBC and RBC TV channel.
“A total of about 150 persons [passing the examination]. This basically means that people were waiting for the exam, that they were interested in it. I will immediately say that the delivery rate is about 60%, he said.
Mamuta noted that these are data from the National Financial Association (NFA) and the Financial Services platform (part of the Moscow Exchange group), which were the first to provide an opportunity to pass the exam on their platforms.
The deputy chairman of the Central Bank assessed this ratio as “reasonable”, since a high percentage could mean excessive ease of new testing.
“If it was 90%, I would have strained more internally,” Mamuta joked.
So far, only two organizations are taking the test for “quala” in Russia, but Mamuta admitted that in the future their number will grow, and the regulator has already received several relevant applications.
We expect that the number of organizations that take these exams and the number of certificates that we recognize will logically grow, because we have several applications from those who would like to be included in this list, and we are in favor. The main thing is that the quality of their questions and the quality of the proctoring organizations themselves meet the requirements of the [CB], Mamuta explained.
At the same time, the Deputy Chairman of the Central Bank stressed that such an exam will not be able to take brokers and management companies (CC) due to the presence of a conflict of interest.
The division of investors into qualified and unqualified appeared in Russia in 2020. A qualified investor can without restrictions buy shares of companies from unfriendly countries and structural bonds, make margin transactions, use other complex financial instruments.
Since August 31, a new way to obtain the status of a qualified investor has appeared in Russia - to confirm knowledge about the financial market. Then the Bank of Russia included a number of Russian certificates and certificates in the list of grounds for recognizing an investor as qualified.
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