The Bank of Russia will continue to insist on full disclosure of information by issuers
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The Bank of Russia (CB) will continue to insist on the full disclosure of information by issuing companies, said Elvira Nabiullina, chairman of the regulator.
“It is very important to return to full disclosure of information. It is clear that there may be exemptions related to sensitive topics, sanctions, ”the chairman of the Central Bank said at a meeting with the New People faction in the State Duma (quote from Interfax).
Ms. Nabiullina emphasized that the disclosure of data is necessary for investors to understand where they are investing. In addition, the head of the regulator focused on the importance of a “predictable dividend policy”.
The Russian government allowed issuers not to disclose information to protect against possible sanctions on March 14, 2022. In April 2022, the Bank of Russia allowed not to publish statements with information on risks and capital from December 31, 2021 to October 1, 2022 inclusive. Since January of this year, the Central Bank of the Russian Federation resumed disclosure of financial statements, except for information “sensitive to sanctions risks”.
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