State Duma deputies decided to return to the draft federal law on the insurance of investments of individuals in individual investment accounts in case of bankruptcy of a broker. The document was accepted at first reading in June 2017, Wrote newspaper “Vedomosti”.
The decision to continue working on this bill was made last week by the Committee of the State Duma specializing in the financial market. Published in the electronic database of the lower house of parliament.
According to the newspaper, the Central Bank of the Russian Federation circulated the draft amendment to the draft law among brokers. According to the document, the insurance fund can be created on the basis of self-regulatory organizations in the financial market. As stipulated by the Central Bank, insurance coverage will only be provided for the assets of citizens obtained using the IIS tool. The fund will be created with the help of deductions from brokers. From the article, the amount of contribution, the limit of the insurance amount, the procedure for implementing reconciliation with victims is planned to be left to the SRO.
Anatoly Aksakov, chairman of the State Duma financial market committee, told the newspaper that the amount of contribution will be determined depending on the risk of bankruptcy of the broker.
“The differentiation will obviously be based on risks. I cannot say that these will be very high numbers,” he said.
Former Russian President Vladimir Putin signed a law in which IIA holders can retain the right to tax deductions in the face of sanctions.