The Central Bank of Russia has published proposals for public discussion aimed at improving the quality, relevance and usability of issuers’ disclosures. The package focuses on reducing duplicative narrative reporting, tightening the timing of key disclosures and accelerating a shift from manual reporting to electronic, machine-readable formats. The proposals would reduce repetition in the twice-yearly issuer activity reports, which currently include sections that often do not require frequent updates, such as corporate governance. The central bank proposes that such information be disclosed in the annual report and that the annual report be standardised through mandatory sections that issuers can organise at their discretion, noting that there are currently no strict content requirements beyond publication. It also proposes eliminating the time gap between disclosure of an issuer’s consolidated financial statements and the accompanying report explaining the drivers of the reported results, with both documents to be published simultaneously. The public discussion period runs through 1 August 2025.
Central Bank of Russia 2025-07-10
Central Bank of Russia launches public discussion on proposals to streamline issuers’ reporting and move disclosures to machine-readable formats
The Central Bank of Russia has proposed measures to enhance issuers' disclosures by reducing duplicative reporting, standardizing annual reports, and transitioning to electronic formats. Key changes include synchronizing the publication of financial statements and explanatory reports. These proposals are open for public discussion.