Moscow Exchange to introduce type "In" accounts
From 8 December 2025, international investors will be able to open type "In" accounts with Russian professional market participants on Moscow Exchange. The Moscow Exchange Group has implemented these innovations to streamline operations involving international investors and protect their holdings, consistent with the provisions of Decree No. 436 "On Guarantees for International Investors".
MOEX's clearing members will be allowed to open proprietary type "In" accounts, client accounts, and trust management accounts for non-resident clients who comply with the provisions of the Decree. The "In" type is assigned upon client registration and cannot be changed thereafter.
Using type "In" accounts, international investors will be able to make anonymous trades on Moscow Exchange in all Russian stocks, bonds, and fund units in the Central Order Book (T+1 settlement cycle) and derivatives on the FX and Precious Metals Markets, enter into repo transactions, make deposits with the central counterparty, and participate in primary distributions. Non-resident clients will be given access to the Derivatives Market at a later stage. Transfers of securities and funds are only permitted between type "In" accounts.
Moscow Exchange would like to stress the necessity for professional participants to conform to current legal regulations concerning type "In" accounts.
Implementation of legislative initiatives under Decree 436 dated 1 July 2025 "On Guarantees for Foreign Investors"
Mandatory labelling of legal entities of the Russian Federation and Republic of Belarus
Action matrix for trd_restr attribute in the Unified Client Registration and TS
Registration of members' clients
Moscow Exchange (MOEX) is Russia’s largest exchange operating the country’s only multifunctional trading platform for equities, bonds, derivatives, currencies, money market instruments and commodities. The Moscow Exchange Group provides a full range of trade and post-trade services through its ownership of the central securities depository (National Settlement Depository) and the clearing center (National Clearing Centre), which serves as the central counterparty for MOEX markets.