The Central Bank of Russia published a draft ordinance proposing requirements for decisions to issue credit digital financial assets (DFAs), a product issued by banks against part of their loan portfolios. The proposals focus on improving investor information where credit DFAs transfer the risk of loan default from the bank to the investor. For credit DFAs, issuing banks would need to disclose key details of the underlying loan agreement, including the agreement number, loan amount, interest rate, and terms on assigning the claim to a third party, as well as borrower data. The draft also expands the data required in a decision to issue any DFA by requiring issuer information to include a link to the issuer’s disclosure website and, where the issuer has a credit rating, a link to the credit rating agency website. The public consultation on the draft ordinance runs through 10 October 2025.
Central Bank of Russia 2025-09-26
Central Bank of Russia consults on new disclosure requirements for banks issuing credit digital financial assets
The Central Bank of Russia released a draft ordinance outlining requirements for issuing credit digital financial assets (DFAs), focusing on enhancing investor information by transferring loan default risk to investors. Issuing banks must disclose key loan agreement details and provide links to issuer and credit rating agency websites.