A special recording procedure for certain securities will be in effect until the end of 2025

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13.03.2026

ON THE CONTROL OF THE BOARD OF DIRECTORS OF A FINANCIAL ORGANISATION OVER ISSUES RELATED TO THE IMPLEMENTATION OF KEY PERFORMANCE INDICATORS

According to the Bank of Russia, the level of officials of a financial institution controlled by the board of directors (supervisory board) is determined by the financial institution independently (with the exception of those officials who are accountable to the board by virtue of legal requirements). The Central Bank does not limit a financial institution in its ability to expand the list of issues and decisions over which the board of directors (supervisory board) exercises control).

Bodies or officials responsible for setting and monitoring the implementation of key performance indicators for persons who do not perform the functions of executive bodies, who are not part of senior management and who are not accountable to the board of directors (supervisory board) due to legal requirements, are determined by the financial organisation independently.

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