Central Bank of Russia plans to create, develop self-regulatory organizations in pawnshop market

MOSCOW. Sept 16 (Interfax) - The Central Bank of Russia plans to work on creating and developing self-regulatory organizations (SROs) in the pawnshop market, according to the CBR's draft Main Directions for the Development of the Financial Market for 2026-2028.

This measure will optimize the supervisory load on the pawnshop market, the Central Bank said.

An SRO in the financial market is a non-profit organization established in the form of an association or union, which unites legal entities and individual entrepreneurs operating in the relevant field.

Currently, the regulator's SRO register contains 11 participants, including the National Association of Securities Market Participants (NAUFOR), the Mir Union of Microfinance Organizations, the All-Russian Union of Insurers, and others.