Bank of Russia eases qualified investor test

• The Bank of Russia approved a new test for people seeking qualified investor status.
• The test replaces a broader financial knowledge exam with a shorter test focused on investments.
• The change is designed to make qualified investor status easier to obtain under new rules.

The Bank of Russia approved a new test for investors seeking qualified investor status under updated financial market rules.

The new test focuses on financial products, investment risks and portfolio management instead of broader financial knowledge.

The regulator said the new test will replace the existing financial literacy test for investors seeking the status.

Applicants must answer 7 out of 10 questions correctly to pass, with each question offering four possible answers.

The test covers securities, derivatives, investment funds, digital financial assets and investment risks.

The new test follows amendments that expanded access to qualified investor status and changed the rules for assessing applicants.

The Bank of Russia said the changes will apply from 1 October, when the updated requirements for qualified investors take effect.