National Supervisory Authority & Licensing Qualification Dossier • Asia-Pacific
NBRB
Russian FederationNational Bank of the Republic of Belarus
Source / Native Reference: 白俄罗斯国家银行
- Supervisory tier
- Tier-2
- License classes
- 2
- Licensed records
- 18
- Active / regulated
- 17
Statutory Supervisory Mandate & Scope
Canadian Investment Regulatory Organization (CIRO / Former IIROC) (IIROC) is the Tier-1 statutory financial markets and securities supervisory authority in Canada. It grants and supervises financial services licences across broker-dealers, investment advisers, asset managers, and market operators, enforcing initial and ongoing prudential capital requirements, segregated client asset rules, market conduct standards, and public register disclosures.
Prudential Tier Assessment
Tier-2Tier-2 sovereign central bank and macroprudential banking supervisor for Russian Federation, enforcing Basel III capital adequacy and national payment system integrity.
National licensing qualifications & statutory authorisation classes (NBRB)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by NBRB in Russian Federation.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Class A / Commercial Banking Charter | Full Commercial & Institutional Banking Licence | Deposit-taking, commercial lending, interbank FX market-making, trade finance, and institutional custody. | USD $5,000,000 – $15,000,000 equivalent statutory paid-up banking capital | Minimum Basel III Total Capital Ratio ≥ 10.5%–12.5%, CET1 ≥ 7.0%, LCR ≥ 100%, and NSFR ≥ 100%. |
| EMI / Payment & FX Institution Licence | Authorised Payment Institution / Electronic Money & FX Remittance Licence | Cross-border remittance, electronic money issuance, merchant payment acquiring, and deliverable spot FX conversion. | USD $150,000 – $500,000 equivalent paid-up capital plus statutory central bank security deposit. | 100% daily safeguarding of customer float in segregated commercial bank trust accounts. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under NBRB.
Statutory Deposit Insurance & Bank Resolution Scheme (Russian Federation)
- Maximum coverage per client
- Protected up to statutory national deposit insurance ceiling per banking depositor
- Eligible counterparties & scope
- Retail depositors and eligible corporate deposit accounts held at licensed credit institutions.
NBRB Prudential Safeguarding & Custody Directives
- Reconciliation & audit cadence
- Daily reserve and Nostro/Vostro liquidity reconciliation; 100% ring-fencing of payment institution safeguarding accounts.
- Approved custodian requirements
- Central bank reserve accounts or ring-fenced statutory trust accounts at Tier-1 correspondent banks.
NBRB Prudential Cryptoasset Exposure (BCBS SCO60) & CBDC / Stablecoin Oversight
- Travel Rule, custody & stablecoin rules
- Full FATF Recommendation 16 Wire Transfer & Virtual Asset Travel Rule compliance across supervised banking rails.
Primary Governing Statutes & Rulebooks
- Central Bank & Banking Supervision Act of Russian Federation
- Basel III Capital Adequacy (CET1 / Tier 1 / Total Capital) & Liquidity (LCR / NSFR) Prudential Standards
- National Payment Systems & Foreign Exchange Control Regulations (Russian Federation)
- FATF-Aligned Anti-Money Laundering & Counter-Terrorist Financing (AML/CFT) Banking Directives
Regulatory Reporting & Audit Obligations
Monthly/Quarterly Basel III COREP/FINREP prudential capital and liquidity returns to NBRBAnnual IFRS statutory financial audit by an approved central-bank-panel external audit firmReal-time large-exposure, foreign exchange position, and suspicious transaction reporting (STR)
Cross-Border Equivalence & Passporting
Requires NBRB home-host supervisory college approval or local branch/representative office licensing for cross-border banking operations.
Supervised institutions & NBRB licence records in our database
18 licence records referencing NBRB (17 regulated/registered, 1 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| Fortrade | 193075810 | Regulated | Fort Securities BLR Limited Liability Company | 2018-06-19 | |
| GLOBAL | Number pending check | Regulated | Prime Brokerage Services Limited | 2020 | |
| capital.com | 16 | Regulated | Capital Com Bel | 2019-04-16 | |
| WisunoFX | 193356850 | Regulated | WISUNO LIMITED | — | |
| RoboForex | 193179482 | Regulated | RoboMarkets | 2019-04-08 | |
| Forex | 192580558 | Regulated | Forex Club | 2016-04-19 | |
| Alpari International(Global network record) | УНП192637625 | Regulated | Alpari Evrasia Limited Liability Company | 2016-06-23 | |
| WELTRADE(Global network record) | 192727233 | Revoked | LLC SystemGates Limited (LLC SystemGates Limited) | 2017-05-11 | |
| AM Markets(Global network record) | 193583860 | Regulated | AM Markets Capital Limited Liability Company | 2021-10-01 | |
| Belagroprombank(Global network record) | UNP 100693551 | Regulated | Belagroprombank | 1991-09-03 | |
| BFB Capital(Global network record) | 193023796 | Regulated | Limited liability company "BFB Capital" (LLC "BFB Capital") | 2018-11-05 | |
| ForexBY(Global network record) | УНП 192530878 | Regulated | MFEE Limited Liability Company (MFEE LLC) | 2020-11-04 | |
| FTM Brokers(Global network record) | 192620616 | Regulated | FTM Brokers Limited Liability Company (FTM Brokers LLC) | 2016-05-12 | |
| FXPN(Global network record) | 193295922 | Regulated | Limited liability company "Leverate Capital Markets" (LLC "Leverate Capital Markets") | 2021-07-01 | |
| OpenFX(Global network record) | 192612632 | Regulated | Limited Liability Company "Open Investments" (Open Investments LLC) | 2016-04-19 | |
| PJSC Sberbank(Global network record) | Number pending check | Regulated | PJSC Sberbank | 1991-12-28 | |
| Priorbank(Global network record) | Number pending check | Regulated | Priorbank | 1991-07-12 | |
| Беларусбанк(Global network record) | 56 | Regulated | Belarusbank | 1995-10-27 |
NBRB (Russian Federation): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under NBRB (Russian Federation)?
NBRB (National Bank of the Republic of Belarus) supervises financial institutions in Russian Federation under Central Bank & Banking Supervision Act of Russian Federation and Basel III Capital Adequacy (CET1 / Tier 1 / Total Capital) & Liquidity (LCR / NSFR) Prudential Standards. Key statutory authorisation classes include: Class A / Commercial Banking Charter (Full Commercial & Institutional Banking Licence — min. capital: USD $5,000,000 – $15,000,000 equivalent statutory paid-up banking capital); EMI / Payment & FX Institution Licence (Authorised Payment Institution / Electronic Money & FX Remittance Licence — min. capital: USD $150,000 – $500,000 equivalent paid-up capital plus statutory central bank security deposit.). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does NBRB provide statutory investor compensation and mandatory client asset segregation?
Under NBRB's framework, investor protection is governed by Statutory Deposit Insurance & Bank Resolution Scheme (Russian Federation) with maximum coverage of Protected up to statutory national deposit insurance ceiling per banking depositor (Retail depositors and eligible corporate deposit accounts held at licensed credit institutions.). For client money and custody assets, supervised firms must comply with NBRB Prudential Safeguarding & Custody Directives, performing daily reserve and nostro/vostro liquidity reconciliation; 100% ring-fencing of payment institution safeguarding accounts. with central bank reserve accounts or ring-fenced statutory trust accounts at tier-1 correspondent banks..
How does NBRB regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
NBRB's digital-asset regime is structured around NBRB Prudential Cryptoasset Exposure (BCBS SCO60) & CBDC / Stablecoin Oversight (Regulates bank custody, payment settlement rails, fiat-backed stablecoin reserve backing, and Basel SCO60 capital weights.). Custody and AML/CFT compliance obligations require: Full FATF Recommendation 16 Wire Transfer & Virtual Asset Travel Rule compliance across supervised banking rails.
How can I verify an institution's NBRB licence number and check our 18 recorded licence entries?
Our database currently tracks 18 licence records referencing NBRB (17 marked regulated or registered). To verify a counterparty at the primary source, open NBRB's official public register (http://www.nbrb.by/engl/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from VolSurface Desk relevant to NBRB and Russian Federation.
Volatility Surface & Derivatives Desk
Arbitrage-Free SVI Volatility Surface Calibration, 0DTE Intraday Gamma-Vanna-Charm Flows, and Index Dispersion Mechanics in 2026
An institutional derivatives desk note detailing Gatheral SVI and SSVI static arbitrage constraints (butterfly and calendar conditions), SPX 0DTE dealer gamma/vanna/charm hedging flows, VIX vs VIX1D variance swap replication, and OCC STANS / Eurex Prisma portfolio margining.
Volatility Surface & Dealer Flow Mechanics
Vanna-Charm Second-Order Greeks Hedging Flows, S&P 500 25-Delta Skew Term Structure & Dealer OpEx Pin Risk Mechanics (2026 Quantitative Desk Manual)
Vanna and Charm hedging flows refer to the systematic delta-rebalancing trades executed by institutional options market makers in response to shifts in implied volatility (∂Δ/∂σ) and the passage of time (∂Δ/∂t). Across the S&P 500 (SPX) options complex—where average daily volume reached 3.34 million contracts [3.34 million contracts/day, Cboe Global Markets Market Statistics, Q3 2026]—dealer net short downside put positioning and 0DTE gamma concentration drive up to $42.8 billion in deterministic end-of-day futures rebalancing per 1% underlying move [$42.8 billion notional delta flow, Options Clearing Corporation (OCC) Cleared Contract Report, September 2026].
0DTE Gamma & Volatility Surface
SPX 0DTE Gamma Exposure (GEX), Vanna & Charm Hedging Ratios, and OCC STANS Intraday Margin Framework
SPX 0DTE options account for 59% of S&P 500 options volume (Source: Cboe Global Markets, 2025-10-10), driving dealer GEX, Vanna, Charm, and OCC 20-minute STANS margining.
0DTE Gamma & Volatility Surface
Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX): Dealer Delta/Gamma Hedging Equations & E-Mini S&P 500 Futures Impact (59.0% Share of SPX Options Volume Benchmark)
Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) stands at 59.0% (Share of SPX Options Volume) (Source: Cboe Global Markets, 2026-10-20), governing intraday futures rebalancing per 1%
Statutory licensing classes, base capital rules, and investor protection summaries for NBRB (Russian Federation) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on NBRB’s official public register.