Translation. Region: Russian Federal
Source: Central Bank of Russia –
An important disclaimer is at the bottom of this article.
The Bank of Russia plans to improve the quality of issuers’ reporting, increase its value and ensure greater demand. Your suggestions the regulator puts it up for public discussion.
First of all, it is proposed to eliminate duplication of information. Currently, issuers are required to publish reports on their activities twice a year – at the end of 6 and 12 months. Moreover, these documents have static sections where there is no promptly updated information, for example, a section on corporate governance. It is advisable to disclose such information in the annual report – a key tool for communicating with investors. Moreover, the regulator considers it necessary to standardize this document: it will have mandatory chapters that the issuer will be able to structure at its own discretion. Currently, there are no strict requirements for its composition – it is important that it simply exists.
The Bank of Russia also proposes to eliminate the time lag between the publication of consolidated financial statements and the issuer's report, which explains the reasons for achieving such results. According to the regulator, these documents should be disclosed simultaneously so that the market has up-to-date information on the company's activities.
One of the important initiatives is the transition from manual preparation of reports to electronic formats. The use of machine-readable forms will reduce the time for processing and analyzing data, which will help investors make investment decisions based on high-quality information.
The discussion of the Bank of Russia's initiatives will last until August 1, 2025 inclusive.
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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.