Central Bank to Require Banks to Disclose Anonymized Data on Ownership Structure
The Bank of Russia is set to introduce a new anonymized disclosure system for financial institutions by 2027. The change aims to provide market transparency while protecting individual identities. Companies will still have the option to stick with the current full-disclosure rules if they prefer.
Under the new system, financial firms must submit data through a standardised form with 12 key criteria. Each response will be marked as 'yes', 'no', or 'not applicable'. The Central Bank will then populate and publish these details on its website, updating them as needed.
Every market participant will receive a unique public profile. The shift removes the current option where institutions could withhold detailed ownership information. Instead, the focus will be on delivering high-quality data without revealing personal identities. The necessary legal framework is still being drafted. Enforcement of the new rules is not expected before April 1, 2027. Until then, no official date has been set for the system’s launch.
The Bank of Russia’s 2027 update will offer two choices: anonymized data or full disclosure under the old rules. The change seeks to balance transparency with privacy in financial reporting. Firms will need to prepare for the transition as the regulatory process moves forward.
