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Thursday, 15 October 2020 17:02

Finance Ministry draws up draft decree on qualified investor institute in Belarus

The Belarusian Finance Ministry is preparing a draft decree to establish an institute of a qualified investor in Belarus, BelTA learned from the Finance Ministry.

According to the draft document, qualified investors will be able to make transactions with a new type of financial instruments - depository bonds. The Finance Ministry will be able to draw up a list of securities with which only qualified investors will be entitled to make transactions.

The analysis of foreign practices shows that qualified investors can include professional participants in the securities market, banks, non-bank credit and financial organizations, leasing organizations, equity investment funds, management organizations of investment funds, insurance organizations, other persons with sufficient knowledge in the field of investment and with relevant financial capabilities.

It is proposed to allow the issuance of strip bonds in which both the principal and regular coupon payments are sold separately. The Finance Ministry believes that launching the mechanism of strip bonds in the Belarusian financial market will help increase the demand for bonds, produce representative interest rates for different borrowing periods, and, in general will give momentum to the development of the bond market.

In addition, the draft decree proposes to toughen the requirements for issuers of housing bonds.

Proposals for the draft decree can be submitted to the Finance Ministry from 16 to 26 October to the email address at This email address is being protected from spambots. You need JavaScript enabled to view it..">This email address is being protected from spambots. You need JavaScript enabled to view it..

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