meta_id 3194550

On May 28, 2026, the Bank of Russia announced it is revising the criteria for categorising brokers, asset managers, dealers, and depositaries into large, medium, and small organisation categories. The Bank of Russia said the existing threshold values no longer reflect the scale of the financial market. The Bank of Russia published a draft directive for public consultation. The categorisation of professional market participants determines the regulatory requirements applicable to each entity and the intensity of supervisory oversight. The assessment of companies considers the volume of transactions they execute and the nature of their operations. Between 2020 and 2025, the financial market landscape changed significantly, resulting in substantial growth in professional market participants' actual performance indicators. Client bases expanded, transaction volumes increased several times over, and the volume of assets held in client accounts grew considerably. The revised threshold values aim to eliminate excessive regulatory and supervisory burden on companies that do not hold a significant market share and do not represent material sources of risk. The Bank of Russia said the new threshold values will ensure that regulatory requirements and supervisory intensity are appropriately calibrated to each participant's actual market significance and risk profile. The consultation period and deadline for submitting responses were not specified in the announcement. REFERENCES: Bank of Russia. "Категоризация профучастников: новые пороговые значения" (Categorisation of Professional Market Participants: New Threshold Values). May 28, 2026. Available at: www.cbr.ru