The Central Bank of Russia said it will return to publishing information on the ownership structure of financial institutions from 1 January 2027, but in an anonymised format designed to limit sanction risks for market participants. The change follows registration of the relevant Bank of Russia ordinance by the Russian Ministry of Justice. The new format will cover banks, non-governmental pension funds, insurance companies, management companies and microfinance organisations. Disclosures will be based on 14 criteria and are expected to include a list of facts characterising owners and information on any orders issued to them because of bad business reputation or financial position. Responses to the criteria-based questions will be published as yes, no or not applicable, giving each institution a unique response profile. The regulator said it will prepare the anonymised ownership information itself, taking into account each institution's position, and does not expect the regime to create an additional burden for firms. The proposed disclosure format was discussed with and supported by financial market participants.