The Central Bank will allow the Russians to have more than one IMS

The Bank of Russia is considering the possibility to allow private investors to open more than one individual investment accounts (IMS), said the first Deputy Chairman of the Central Bank Sergey Shvetsov the conference “Retail investor — 2018”, organized by Moscow exchange, and NAUFOR. Now by law you can only open one IMS.

ЦБ разрешит россиянам иметь больше одного ИИС

The possibility of opening several investshow, even if it appears to be limited: customers can transfer money between your accounts, but to have the means can only be on one IMS, you can withdraw money also with only one account, said Shvetsov. “We would like to waive the condition of “one — person-one-IMS”, while maintaining a single account through which you can make and take the money”, — said the first Deputy Chairman of the Central Bank.

IMS is a brokerage account of a special type, where the owner can buy and sell securities on a stock market while receiving tax deductions. This tool appeared on the market in January 2015, it entitles the retail investor to place annually up to 1 million rubles.

Account some limitations: deposits can be transferred only 15% of the funds IMS, you can not buy “the people’s OFZ” and to purchase the securities of foreign issuers which are not traded on Russian exchanges.