Administrators of financial and commodity indices are set to become new participants in the Russian market. A law signed by the Russian President outlines requirements for their activities and index calculation methodologies, with indices serving as benchmarks for asset prices.
The law mandates that index administrators and their methodologies be included in a relevant register to be established. This register will be maintained by the Bank of Russia on a voluntary basis. Administrators not listed in the register can still operate in the market, but only indices within the register may be referenced in regulations by government authorities and the Bank of Russia. Foreign indices can serve as benchmarks only if there are no equivalent Russian indices available. The law is scheduled to take effect on September 1, 2025.
The Bank of Russia has been actively involved in developing the national index system and is currently evaluating index calculation methodologies. For further information, refer to the National System of Financial and Commodity Indices.
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