The Central Bank of Russia has proposed measures to reduce the time and cost of issuing securities following discussions with market participants. Seasoned issuers with exchange-traded securities that comply with disclosure requirements would no longer need to prepare and register a prospectus, instead publishing the key terms of an offering. Existing admission rules would continue to apply to debut debt issuers without listed shares. The proposals would permit companies to delegate decisions on non-convertible debt offerings to the director general and transfer registration of standard structured bond issues from the central bank to exchanges, depositories or registrars, depending on the market. For equities, non-public joint-stock companies with no more than 50 shareholders would only need to maintain securities records with a registrar, while the basic period for shareholders to exercise preemptive rights in additional share offerings would fall from 45 days to 15 business days.
Central Bank of Russia2026-08-12
Central Bank of Russia proposes simplified bond and share issuance procedures
The Central Bank of Russia has proposed simplifying securities issuance to reduce costs and accelerate access to capital markets. The measures would ease prospectus and registration requirements for eligible issuers, streamline approval of debt offerings and cut the basic preemptive rights period for additional shares from 45 days to 15 business days.