The Central Bank of Russia has published a draft ordinance setting out rules for depositories to execute faster transfers of Russian securities when an investor moves holdings between their own accounts. The proposal is intended to support a law taking effect on 1 September 2026 that simplifies such self-transfers, including transactions using retail investors’ trading accounts. The draft specifies the terms and grounds for these transfers, the procedure for interaction between depositories, and the transfer timeframes, capped at no more than two minutes for each depository. It also changes the current process, which requires investors to submit separate debit and credit orders that are often paper-based and may require an in-person visit, by providing for securities to be credited by depositories without the client’s order. Comments and suggestions on the draft ordinance are open through 24 December 2025.
Central Bank of Russia 2025-12-11
Central Bank of Russia consults on draft rules for two-minute depository transfers of securities
The Central Bank of Russia has issued a draft ordinance to expedite Russian securities transfers between investors' accounts, supporting a new law effective 1 September 2026. The draft outlines terms, depository interactions, and a two-minute transfer cap, eliminating the need for separate debit and credit orders.