Home » World » Russia Plans to Introduce Fast Transfers of Securities for Private Investors in 2024

Russia Plans to Introduce Fast Transfers of Securities for Private Investors in 2024

In 2024, a system of fast transfers of securities for private investors will appear in Russia. Viktor Zhidkov, Chairman of the Board of the National Settlement Depository, spoke about this.

“We will do this (the SBP system for transferring securities – approx. URA.RU), even realizing that there are no necessary legislative changes to the Tax Code and the law on securities yet. We hope that by the end of this year the amendments will be adopted and it will be possible to move from testing to implementation, ”said “Izvestia» Zhidkov. The specialist stressed that NSD will test the system at the end of the year.

Zhidkov emphasized that the system of fast transfers should cover a large number of participants in order to work. “According to the experience of the SBP, it will take two or three years to penetrate, and then it will become a standard procedure,” the chairman of the board of NSD added to the publication.

Earlier URA.RU reported on the introduction mandatory contestation of transactions through the SBP, which previously operated on a voluntary basis. The mandatory dispute procedure was introduced from June 30.

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2023-08-28 00:46:00

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