Bank of Russia sets registrar and depository rules for temporary securities management
Published · Updated
What happened
The Bank of Russia published a board decision establishing how registrars and depositories must act when temporary management of securities is imposed or terminated under presidential decrees. The document provides a procedural basis for recording, servicing, and unwinding such controls in the securities market.
Why it matters
The decision gives Russian financial-market infrastructure a concrete rule set for handling state-directed changes in control over securities. That can affect settlement, custody, beneficial-owner rights, and the legal treatment of affected assets when a presidential decree is activated.
On September 14, the Bank of Russia published a board decision that sets operational requirements for registrars and depositories when temporary management of securities is introduced or ended under presidential decrees. The measure applies to asset-control regimes linked to state security decisions, including the August 24, 2026 decree on protecting critical infrastructure. The publication turns a broad decree-based power into a usable market-infrastructure procedure, giving officials and market participants a defined implementation path.
Watch for
Bank of Russia publication of the full board decision text or implementation guidance on registrars' and depositories' reporting duties by 2026-09-18 National Settlement Depository acknowledgment of operational changes or client guidance tied to temporary management procedures by 2026-09-18 Moscow Exchange or National Settlement Depository notice on handling corporate actions or voting rights for securities placed under temporary management by 2026-09-18 Russian presidential administration publication of any new decree invoking temporary securities management under the new procedure by 2026-09-18
Sources
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