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Draft Law on Consolidated Financial Statements: Conditions and Exemptions

04 February 2026

On January 20, the State Duma adopted in the first reading Draft Law No. 1082205-8 ("the Draft Law"), which exempts a number of legal entities from the obligation to submit mandatory consolidated financial statements ("CFS"). The Government of the Russian Federation acted as the subject of the right of legislative initiative.

The Draft Law amends Federal Law No. 208-FZ dated 27 July 2010 "On Consolidated Financial Statements" and Federal Law No. 39-FZ dated 22 April 1996 "On the Securities Market."


Bill On Digital Currency in Criminal Proceedings Approved for the Third Reading

30 January 2026

A bill No. 902782-8 "On Amendments to Article 104.1 of the Criminal Code of the Russian Federation and the Criminal Procedure Code of the Russian Federation" (hereinafter – the "Bill"), providing for the recognition of digital currency as property and establishing the procedure for its seizure within the framework of criminal proceedings, was submitted to the State Duma of the Russian Federation on April 24, 2025. The Government of the Russian Federation acted as the subject of the legislative initiative right.

Two Years Since the Enactment of the Online Safety Act in Sri Lanka

19 January 2026

On 2 February 2024, the Online Safety Act, No. 9 of 2024 (hereinafter referred to as the “OSA”) was officially published in Sri Lanka. The OSA is a significant and controversial element of information security regulation in Sri Lanka. It establishes provisions prohibiting the communication of prohibited statements online and aims to prevent the use of online accounts and inauthentic online accounts for prohibited purposes.