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More financial market participants are to submit information to Bank of Russia via online accounts

20 November 2020
News

Beginning on 1 December 2020, payment system operators and payment infrastructure service operators that are not credit institutions will be obliged to submit their reporting and other information to the Bank of Russia through their online accounts.

This will enhance the information exchange between the regulator and market participants. The procedure for the interaction between the parties is stipulated in detail in Bank of Russia Ordinances No. 5590-U and No. 5588-U.

Preview photo: Irin-K / Shutterstock / Fotodom
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