Forbes learned about the opening of the stock market in Russia in a "split" form

The Central Bank is discussing the possibility of dividing the Russian stock market into two: for residents inside Russia and for non-residents abroad. This was reported by the Russian edition of Forbes with reference to three sources.

“The Central Bank is discussing the possibility of creating two equity markets - onshore for residents and offshore for non-residents. <...> This is necessary in order to prevent panic among Russian investors after the opening of stock exchanges, when foreign holders of securities of Russian issuers will massively withdraw from their assets, ”the newspaper writes.

According to one of the sources, this will be done using "type C" accounts, which will be credited with securities of non-residents, which will be considered all foreign "daughters" of Russian brokers.

Forbes notes that the decision on whether to recognize the "daughters" of Russian brokers as residents or non-residents has not yet been made. “This measure is now being discussed and is likely to be implemented,” the publication of the president of the National Association quotes, then, most likely, without the participation of non-residents. “So the market has a choice - to leave non-residents without trading at all, or to give them the opportunity to trade in a separate “glass”. In any case, the solution of this problem should not delay the opening of the market for residents,” Timofeev said.