e has shown that so far this has not had a clear impact on kuwait telegram data market participants, primarily on issuers and underwriters. Now we are preparing a consultative report on all these issues, in which we will propose regulatory solutions.
Our task is to use the internal investor’s resource to the fullest extent possible – both retail and, no less importantly, institutional. Institutional investors must believe that these investments will work. Retail investors will follow them. To do this, we ne to create the necessary level of trust. It will not form on the market by itself. It would be naive to believe that the market will form itself. Maybe it will form itself, but it will probably take decades. Therefore, we ne clearer and stricter regulation that will establish balanc rules of the game when issuing.
— In what time frame or under what conditions can such regulation be introduc?
— We plan to release a consultative report by the end of this year, and it will be discuss and comments collect for about three more months. Bas on the results, specific proposals will be made either to change the legislation or to amend the Bank of Russia’s regulations.
Hasty decisions in this matter are unacceptable
This process must be of high quality and verifi. For example, at one time, an initiative was discuss to make underwriters financially responsible for the assessment that is done when organizes the sales team’s demands issuing securities. Underwriters respond that in this case they would stop doing this type of activity, because it is not their responsibility. And ao lists there are many such questions. You ne to be very careful.