The Bank of Russia has revised its inspection procedures for supervised financial entities, ending the practice of mandatory inspections every three years. The change affects a range of organizations, including credit institutions, non-governmental pension funds, trading organizers, payment system operators, credit history bureaus, large insurers, and professional securities market participants.
According to the regulator, the updated instruction will take effect on October 31, 2025. Starting from the first half of 2026, inspections will be conducted based on risk assessments and the specific activities of each financial market participant rather than following a fixed schedule.
These amendments are intended to allow more targeted oversight and adapt regulatory actions to the risk profile and operations of individual organizations.
