meta_id 3287518

The Central Bank of Russian Federation published clarifications and guidance on its website addressing financial reporting requirements for non-credit financial organizations, credit rating agencies, insurance companies, non-state pension funds, and other regulated entities operating in Russia's financial markets. The clarifications cover multiple reporting frameworks and standards, including the extensible business reporting language (XBRL) taxonomy used for submitting financial data to the Central Bank. The guidance addresses the open standard for financial reporting, software tools including the "Converter" and "XBRL Questionnaire-Editor," and procedures for submitting internal accounting data in XBRL-CSV format. The Central Bank organized its clarifications by entity type and reporting obligation. Guidance addresses reporting requirements for securities market professionals, trading organizers, and clearing organizations; collective investment market participants; microfinance entities; insurance organizations; investment platform operators; investment funds and asset management companies; non-state pension funds; specialized depositaries; and credit history bureaus. Each category includes specific guidance on form completion, data submission procedures, and technical requirements. The clarifications include detailed instructions on determining table parameters affecting context formation in XBRL reporting files, visualization of reports for disclosure purposes, and compliance with updated accounting standards. The Central Bank issued updated guidance on June 4, 2026, addressing reporting by management companies of investment funds, mutual funds, and non-state pension funds using XBRL taxonomy version 7.1 and higher. Additional guidance published on February 4, 2026, addressed specialized depositaries' reporting requirements. Regulated entities should consult the relevant clarifications corresponding to their organizational type and applicable XBRL taxonomy version when preparing and submitting financial reports to the Central Bank.