17.12.2025, 20:59
The fishing business of the Russian Federation asked to postpone the mandatory registration of transactions on the stock exchanges
Source: OREANDA-NEWS
OREANDA-NEWS The mandatory registration on exchanges of over-the-counter fish sales transactions, which will enter into force in Russia on March 1, 2026, may be postponed for a year.
According to Alexander Panin, chairman of the Fish Union, at a briefing on Wednesday, the business submitted such a proposal "to the Federation Council." "An appropriate decision was made and materials were sent to the government – recommendations of the Federation Council: firstly, it is possible to review the deadline for the transition to mandatory registration of over-the-counter contracts for a year, that is, on March 1, 2027, and secondly, transfer the authority to register over–the-counter transactions to the federal executive authority, rather than exchanges. Alternatively, it can be either the Federal Antimonopoly Service, the Ministry of Finance, or the Ministry of Economic Development," he said.
According to him, the proposal to postpone the deadline is based on the fact that not all of the four exchange platforms that will be involved in the mandatory registration are ready. "There are exchanges that are completely unprepared for this process, they have little understanding of the specifics of trading fish products, and they are just starting to develop personal accounts," he said.
As Panin noted, the basic issue that is currently being discussed with stockbrokers is the amount of information disclosed. It is of a commercial nature and "how it will continue to be used is a big question," he noted.
According to him, in addition, with the proposed model, "it is unclear where the information will be consolidated, where the information will be transmitted further, how the exchange indicators will be formed, which, in fact, the government intends to use to assess the adequacy of pricing."
"But it's good that exchanges are open to communication, ready to involve the community to develop a methodology for determining indicators. I hope that we will continue to move forward together and find a compromise," concluded Panin.
As reported, registration of over-the-counter fish sales transactions was introduced by the government of the Russian Federation. Since November 1, the transfer of information about transactions concluded outside of organized auctions is voluntary. Starting from March 1, 2026, it will become mandatory. We are talking about contracts for the sale of the main commercial fish species (pollock, cod, haddock, herring, mackerel) and salmon (pink salmon, chum salmon and sockeye salmon).
It is assumed that based on data on over-the-counter contracts with aquatic biological resources, the exchange will be able to calculate indicators that will become a source of price information for market participants and relevant departments.
In early December, the first transaction was registered on the St. Petersburg Stock Exchange – a contract for the supply of ice cream fillets of pollock of the highest category from the Bering Sea.
According to Alexander Panin, chairman of the Fish Union, at a briefing on Wednesday, the business submitted such a proposal "to the Federation Council." "An appropriate decision was made and materials were sent to the government – recommendations of the Federation Council: firstly, it is possible to review the deadline for the transition to mandatory registration of over-the-counter contracts for a year, that is, on March 1, 2027, and secondly, transfer the authority to register over–the-counter transactions to the federal executive authority, rather than exchanges. Alternatively, it can be either the Federal Antimonopoly Service, the Ministry of Finance, or the Ministry of Economic Development," he said.
According to him, the proposal to postpone the deadline is based on the fact that not all of the four exchange platforms that will be involved in the mandatory registration are ready. "There are exchanges that are completely unprepared for this process, they have little understanding of the specifics of trading fish products, and they are just starting to develop personal accounts," he said.
As Panin noted, the basic issue that is currently being discussed with stockbrokers is the amount of information disclosed. It is of a commercial nature and "how it will continue to be used is a big question," he noted.
According to him, in addition, with the proposed model, "it is unclear where the information will be consolidated, where the information will be transmitted further, how the exchange indicators will be formed, which, in fact, the government intends to use to assess the adequacy of pricing."
"But it's good that exchanges are open to communication, ready to involve the community to develop a methodology for determining indicators. I hope that we will continue to move forward together and find a compromise," concluded Panin.
As reported, registration of over-the-counter fish sales transactions was introduced by the government of the Russian Federation. Since November 1, the transfer of information about transactions concluded outside of organized auctions is voluntary. Starting from March 1, 2026, it will become mandatory. We are talking about contracts for the sale of the main commercial fish species (pollock, cod, haddock, herring, mackerel) and salmon (pink salmon, chum salmon and sockeye salmon).
It is assumed that based on data on over-the-counter contracts with aquatic biological resources, the exchange will be able to calculate indicators that will become a source of price information for market participants and relevant departments.
In early December, the first transaction was registered on the St. Petersburg Stock Exchange – a contract for the supply of ice cream fillets of pollock of the highest category from the Bering Sea.
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