Legislation amendments

The Decree of the Government of the Russian Federation No. 529 as of 02.04.2021 for the sources of credit histories defined the procedure for disclosing information on persons under the sanctions imposed by foreign states.

In particular, it is established, that the sources of credit histories (banks, leasing companies, operators of investment platforms) are not required to submit to the Bureau of Credit Histories data contained in the credit histories on obligations and persons under the sanctions imposed by foreign states, associations and unions or (inter)state institutions of foreign states.

The basis for this are the statements of these persons and verification of the accuracy of the information specified in these statements.

The specified sources of credit histories are obliged to inform the Bureau of Credit Histories within five working days from the date of confirmation of the statement on obligations not fulfilled on the date of receipt of the application.

The Decree will come into force on January 1, 2022.

According to the Central Bank of the Russian Federation as of 30.04.2021, nine entities are registered in the National Bureau of Credit Histories. Information about these companies is available in the Information and Analytical system Globas.