The Bank of Russia has issued recommendations aimed at increasing transparency on crowdfunding investment platforms. According to the regulator, operators should disclose the actual returns of investors on issued loans as well as non-performing loan (NPL) ratios on their websites.
The calculation of actual returns is advised to include all payments due under matured loan agreements. The Bank of Russia suggests that this information be made available to investors on or before March 1.
In addition, the regulator recommends that platforms compile NPL data at the end of each quarter. The data should be categorized by the number of days past due, specifically from 1 to 90 days and over 90 days. These statistics are to be published within one calendar month of the reporting date.
This initiative is designed to enhance investor protection and help them make informed decisions.