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The Central Bank of Russian Federation (CBR) has opened public consultations on multiple regulatory instruments across financial markets, anti-money laundering, and digital asset operations. The CBR published draft directives and regulations on its website covering a range of financial sector activities, with comment periods extending through August 2026. The regulatory proposals address several key areas. The CBR is consulting on amendments to existing regulations governing foreign currency operations, including procedures for residents and non-residents to submit documentation to authorized banks and unified accounting and reporting forms for currency transactions. Additional proposals cover accounting procedures for digital currency operations by credit institutions and non-credit financial organizations, including credit history bureaus and credit rating agencies. The CBR is also consulting on requirements for broker activities involving digital currencies and digital rights, minimum capital requirements for digital depositaries and information system operators issuing digital financial assets, and standards for life insurance products with declared returns. Further proposals address anti-money laundering and counter-terrorism financing requirements, including client identification procedures and information-sharing protocols among qualified credit history bureaus. Additional consultations concern amendments to existing regulations on payment agent supervision, financial stability requirements for insurers, personnel training standards in non-credit financial organizations, and credit history formation procedures. The CBR is also seeking input on requirements for digital depositaries' activities, account operations, and asset composition standards. Stakeholders can submit comments by the specified deadline dates in August 2026 to designated CBR email addresses provided for each proposal. The CBR has published explanatory notes accompanying each draft regulation to facilitate informed feedback during the public consultation process.

On August 10, 2026, the Central Bank of Russia (CBR) introduced Draft Directive ‘On Amending Bank of Russia Regulation No. 809-P of 24 November 2022’ . The draft directive will apply to credit institutions and proposes the following: The opening of a new on-balance-sheet account for recording funds raised under housing savings agreements in connection with the adoption of Federal Law No. 230-FZ of 4 July 2026 ‘On Amending Certain Legislative Acts of the Russian Federation’. The introduction of new on-balance-sheet and off-balance-sheet accounts for the accounting of digital currencies and foreign digital instruments following the adoption of Federal Law No. 282-FZ of 4 August 2026 ‘On Digital Currencies and Digital Rights’. The draft directive is due to come into force 10 days after the date of its official publication, with the exception of those provisions for which the effective date is set as January 1, 2027. Comments and suggestions will be accepted until August 23, 2026.

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

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Central Bank of Russia Introduces Draft Directive ‘On Amending Bank of Russia Regulation No. 809-P of 24 November 2022’