Russia: Central Bank Consults on Amendments to Regulation on Bank of Russia Payment System

On April 8, 2019, the Central Bank of the Russian Federation (CBR) published a consultation paper on draft amendments to the CBR’s Regulation of July 6, 2017 595-P “on Bank of Russia Payment System”. The amendments have been made to implement the norms of the Federal Law of June 27, 2011 161-FZ “on the National Payment System” and the Federal Law of July 10, 2002 86-FZ “on the Central Bank of the Russian Federation”.

The purpose of the draft includes:

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