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The Central Bank of Russian Federation (CBR) launched public consultations on multiple draft regulatory amendments across financial markets and institutional governance. The consultations are part of the CBR's 2026 regulatory agenda and invite stakeholder feedback through designated submission deadlines and email addresses. The draft amendments cover several key areas. The first addresses changes to Regulation No. 646-P from July 4, 2018, concerning the methodology for determining own funds (capital) of credit organisations under Basel III standards. The second proposes amendments to the list of insider information maintained by the CBR under Regulation No. 5140-U from May 6, 2019. Additional drafts modify Regulation No. 5514-U from July 27, 2020; Regulation No. 6876-U from September 30, 2024; and Regulation No. 6818-U from August 5, 2024. The CBR also proposes new procedures governing the selection of bankruptcy trustees and self-regulatory organisations of bankruptcy trustees for credit organisation insolvencies, alongside accreditation procedures for bankruptcy trustees serving as competitive administrators. A further draft establishes a qualification examination programme for individuals seeking membership in the self-regulatory organisation of actuaries. These amendments affect credit institutions, bankruptcy administrators, self-regulatory organisations, and actuaries operating within Russia's financial system. The proposals aim to refine capital adequacy frameworks, insider information protocols, and professional qualification standards. Stakeholders must submit comments by the specified deadlines, ranging from July 1, 2026, to July 12, 2026. Submissions should be directed to designated CBR email addresses provided for each consultation. All draft regulations and explanatory notes are available on the CBR website for public review.

On June 29, 2026, the Central Bank of Russia (CBR) launched a consultation on the Draft CBR Instruction "On Amendments to Bank of Russia Regulation No. 646-P of July 4, 2018 "On the Methodology for Determining the Equity (Capital) of Credit Institutions (Basel III)". The key proposed changes include: Updating cross-references to newer CBR prudential rules, especially replacing older references such as Regulation No. 611-P with Regulation No. 878-P. Allowing phased inclusion of certain software intangible assets in the capital calculation, subject to conditions such as the software supporting technological independence and security of critical information infrastructure, being included in Russian software registers, and being confirmed by an audit firm. Revising the treatment of subordinated instruments, including when interest must be suspended and when conversion/write-down triggers apply, with new capital adequacy thresholds and transitional treatment for instruments included before January 1, 2027. Setting eligibility and interest-rate conditions for subordinated loans, deposits and bonds that may be included in own funds/capital. Comments and feedback are welcome up until July 12, 2026 and can be sent via email to shmatokev@cbr.ru .

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Russia's Central Bank of Russian Federation Opens Public Consultation on Multiple Regulatory Amendments

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Central Bank of Russia Consults on Amendments to the Methodology of Determining Own Funds for Banks