Type C accounts are settlement accounts used for securities transactions and temporary obligation fulfillment procedures, which relates to clearing and settlement infrastructure, though the update focuses on account regime amendments rather than core payment system operations.
Low confidence — requires human review. Bank accounts are involved in the settlement process, but this update is primarily about securities settlement procedures rather than consumer or business payment accounts.
Specialism
This update concerns Russian domestic securities settlement procedures and account management for bonds, which falls outside the scope of payments compliance regulation and does not align with any core payments regulatory taxonomy.
While the update mentions account procedures and record-keeping, it is fundamentally a domestic Russian securities settlement administrative change with no direct relevance to payment service providers, payment systems, or payments compliance.
2026-04-02 08:42:31·arahman@vixio.com
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TITLE: Russia's Central Bank Board Amends Type C Account Regime for Securities Settlement
BODY:
On March 20, 2026, the Board of Directors of the Central Bank of Russia (Bank of Russia) adopted amendments to its November 21, 2022 decision establishing the regime for Type C accounts. These accounts are used for settlements and execution of transactions subject to the temporary obligation fulfilment procedures outlined in Presidential Decree No. 95 of March 5, 2022, concerning temporary procedures for fulfilling obligations to certain foreign creditors.
The amendments introduce a new account category: Type C unidentified person accounts, which are not designated for securities rights accounting. The changes establish operational procedures for Russian issuer bonds subject to centralised rights accounting or mandatory centralised custody through depositaries.
Key modifications include expanded provisions for crediting bonds to unidentified person Type C accounts, particularly for bonds from liquidated foreign legal entities specified in Decree No. 95. The amendments detail specific scenarios for bond transfers, including: transfers from Type C depository accounts of liquidated foreign entities; transfers from nominal holder depository accounts when linked to liquidated foreign entity accounts; conversions during bond consolidation or subdivision; and correction of erroneous entries.
The decision also establishes procedures for debiting from unidentified person Type C accounts, including transfers to Type C owner depository accounts upon provision of documentation confirming rights to the bonds, bond redemptions, conversions during consolidation or subdivision, and correction of erroneous credits.
The amendments became effective upon publication on the Bank of Russia's official website on March 30, 2026.
**Reference:** Bank of Russia Board of Directors Decision on Amendments to Type C Account Regime (March 20, 2026)