Philip Gabunia, Deputy Chairman of the Bank of Russia, announced at the Financial Congress that new regulatory measures were being prepared for the OTC market (over the counter).
According to the representative of the Central Bank, a number of over-the-counter services mislead investors by imitating exchange trading. Such platforms use mechanisms for matching participants and dynamic pricing, and their interface visually resembles traditional exchanges.
The key problem lies in the lack of protection against market manipulation and insider information on such platforms, which creates significant risks for investors.
As a solution, the Central Bank proposes to oblige over-the-counter platforms that work with securities and simulate exchange trading to obtain appropriate exchange licenses.