The State Duma Committee on the Financial Market has been “routinely” discussing a draft law that would allow holders of individual investment accounts (IIA), who have been affected by the transfer of assets between brokers, to have more than one such account. This is reported by “Kommersant” with reference to the President of the National Association of Stock Market Participants (NAUFOR) Alexei Timofeev.

In addition, the maximum term for transferring assets from one IIS to another may be increased from the current 30 to 60 days for all cases.

The head of the committee, Anatoly Aksakov, specified that the bill “is being coordinated with the government and experts” and may be submitted to the State Duma within a month.

According to Timofeev, the adoption of the law will allow to open a new IIS in 2022 for those investors who were forced to transfer assets from the “old” account due to sanctions imposed on the original broker, and will make it possible to retain thus tax deduction.