meta_id 3261164

On June 19, 2026, the Board of Directors of the Central Bank of Russian Federation (Bank of Russia) adopted amendments to its December 26, 2025 decision concerning requirements for professional securities market participants engaged in depository activities. The amendments establish new procedures for confirming depository status and managing payments on certain financial instruments, particularly euro-bonds and substitute bonds issued by Russian legal entities with euro-bond obligations. The amendments introduce comprehensive requirements for depositories when providing written confirmation regarding the withdrawal of funds from Type C accounts. Depositories must now verify the non-resident status of account holders and confirm specific conditions permitting fund withdrawals, including: transactions with securities conducted in accordance with Presidential Decrees after March 1, 2022 (or March 3, 2023 for euro-bonds and substitute bonds); acquisition of euro-bonds or substitute bonds before September 1, 2024 from non-sanctioned owners; and that foreign creditors listed in relevant Presidential Decrees were not security owners when payments were credited. Depositories must establish internal control procedures to verify documentation submitted by account holders, including identity information, bank account details, transaction records, and confirmations from foreign securities custodians. The decision requires depositories to retain all related documentation for a minimum of five years. Depositories cannot confirm withdrawal eligibility without receiving required supporting documents. For brokers operating Type C accounts, similar confirmation requirements apply when clients request fund withdrawals. The amendments apply from their publication on the Bank of Russia's official website.