On June 14, the State Duma approved in a third reading a law allowing operators of financial platforms to issue or exchange DFA. Interfax reported.
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Through such marketplaces, citizens can access banking and insurance services, services in the securities market, and also trade in financial instruments.
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At the same time, the law initially prohibited operators of financial platforms from combining these activities with providing services of a credit institution, except for the trade organizer, depository, registrar, or operator of an investment platform.
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The new law lifts the prohibition on the combination of activities by the information-system operator in which DFAs are issued and by DFA exchange operators.
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Another novelty of the law allows bond issuers and persons acting on their behalf to purchase bonds via financial platforms. In addition, the act allows non-qualified investors to buy government securities of a constituent entity of the Russian Federation without undergoing testing.
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The law will take effect on the day of official publication.
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Earlier ForkLog reported on Sber’s plans to open DFA trading.