The Central Bank of Russia has amended its instruction governing inspections of supervised entities, removing the previous practice of conducting inspections every three years and moving toward a risk-based approach. The change applies to credit institutions, non-governmental pension funds, trading organisers, payment system operators, credit history bureaus, large insurers, and professional securities market participants. The amendments take effect on 31 October 2025, and from the first half of 2026 inspections will be conducted based on an assessment of risks and the specifics of each financial market participant’s activities.
Central Bank of Russia 2025-10-20
Central Bank of Russia drops three-year inspection cycle and shifts to risk-based inspections from 2026
The Central Bank of Russia has revised its inspection protocol for supervised entities, shifting from a triennial schedule to a risk-based approach. This change affects credit institutions, non-governmental pension funds, trading organisers, payment system operators, credit history bureaus, large insurers, and professional securities market participants. The amendments will be effective from 31 October 2025, with inspections commencing in the first half of 2026.