Russia's Central Bank requires brokers to report client transactions involving blocked assets on a case-by-case basis.
Regulation & Gov ·
Russia's Central Bank has requested that brokers inform clients individually about transactions involving the exchange of blocked assets, according to guidance from the banking regulator. The directive requires case-by-case notification rather than standardized or blanket disclosure procedures, affecting how brokers communicate transaction details to their customer base.
The mechanism reflects efforts by Russian authorities to maintain oversight of trading activity in sanctioned or restricted securities and assets. Brokers must now assess each relevant client transaction separately to determine appropriate disclosure, rather than applying uniform reporting protocols across their operations.
The extent to which the requirement will be enforced, whether it applies to all asset classes or specific categories, and how broadly "blocked assets" are defined remain unclear from available statements.