On Aug. 7, RUS CB proposed rules for qualified investor instruments.
RUS CB proposed ord on securities and derivative financial instruments intended for qualified investors.
Consultation documents are only available on RUS CB website until comment deadline.
Proposals
The proposed ordinance is prepared in order to replace ord 6347-U on securities and derivative financial instruments intended for qualified investors, see rule #149395.
The ord provides for a change in the approach to recognizing securities as intended for qualified investors, according to which such securities will be foreign securities.
Except for those whose issuers (or obligated parties) are registered in foreign states that are members of the Eurasian Economic Union or the foreign states themselves.
Effectiveness
The ord is expected to be in force on Jan. 1, 2025 and from date of entry into force will invalidate ord 6347-U; comments and feedback are expected by Aug. 20, 2024.
Nov. 2024 Ord Issued
On Nov. 14, 2024, RUS CB issued ord 6885-U on securities and derivative financial instruments intended for qualified investors which enters into force on Jan. 1, 2025.
Regulators
RUS CB
Entity Types
B/D; Bank; IA; Inv Co
Reference
PR 11/14/2024; Ord 6885-U, 10/1/2024; CP, 8/7/2024; Ord 6347-U, 1/9/2023
