Nabiullina considers it necessary to resume disclosure of corporate reporting

The Central Bank (CB) insists on a return to the publication of corporate reporting with the withdrawal of data “on sensitive topics,” said Central Bank Chairman Elvira Nabiullina. She considers it important not to hide the information that is needed for the development of the capital market.

During her speech at a meeting of the Federation Council, Ms. Nabiullina said that without disclosure of information by issuers, “there will be no investment.” “There are sanctions risks, we all understand this very well. But it is important that, under the guise of such risks of sanctions, they do not hide the information that is needed for the development of the market, ”she emphasized (quoted from “Interfax”).

In March 2022, the government suspended mandatory corporate disclosures by securities issuers until July 1, 2023. This decision was made because of the threat of expanding sanctions. From January 2023, the Central Bank resumed disclosure of financial statements, except for information “sensitive to sanctions risks”. Regulator repeatedly insisted on full disclosure by issuers.

Laura Keffer