The Central Bank of Russia issued recommendations for credit and non-bank financial institutions on how to present information about complex financial products online, including through dedicated sections on their websites and mobile apps. Access to these materials should be provided only after a user confirms qualified investor status and reviews the risks inherent in the instruments. The recommendations are intended to reduce the likelihood that non-qualified investors are persuaded to purchase complex financial products that involve a risk of losses. The central bank also reminded market participants that, under Russian law, they are prohibited from offering a number of complex financial products to non-qualified investors.
Central Bank of Russia 2025-07-24
Central Bank of Russia recommends gated website and app disclosures for complex financial products
The Central Bank of Russia issued recommendations for credit and non-bank financial institutions on presenting information about complex financial products online, accessible only to qualified investors. These measures aim to prevent non-qualified investors from purchasing high-risk products. The bank reiterated the legal prohibition on offering certain complex products to non-qualified investors.