On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 103 (1937) of 4 December 2017 has been released.

The issue publishes the required reserves averaging schedule for 2018 and information on amending the list of organisations mentioned in Sub-clause 3.6.1 of Clause 3.6 of Bank of Russia Regulation No. 312-P, dated 12 November 2007 (Bank of Russia list of guarantor entities).

The Credit Institutions section publishes the following Bank of Russia orders:

No. OD-3341, dated 29.11.2017, on appointing limited liability company Fund of Banking Sector Consolidation Asset Management Company to perform the functions of the provisional administration of the Moscow-based Public Joint-stock Company Bank Otkritie Financial Corporation or PJSC Bank Otkritie FC;

No. OD-3353, dated 29.11.2017, on reducing the authorised capital of the Moscow-based Public Joint-stock Company Bank Otkritie Financial Corporation or PJSC Bank Otkritie FC.

The Non-bank Financial Institutions section contains the following Bank of Russia orders:

No. OD-3357, dated 30.11.2017, on the revocation of licence to perform mediation activity as an insurance broker from Insurance Broker Albion, limited liability company;

No. OD-3358, dated 30.11.2017, on the revocation of insurance licences from the Municipal Insurance Company STRAZH named after S. Zhivago, limited liability company.

The issue presents consolidated data on financial market sectors and information notices by the Bank of Russia.

The Official Documents section publishes the following materials:

Bank of Russia Ordinance No. 4564-U, dated 4 October 2017, ‘On Amending Bank of Russia Regulation No. 242-P, Dated 16 December 2003, ‘On Organising Internal Controls in Credit Institutions and Banking Groups’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 01.12.2017);

Bank of Russia Ordinance No. 4585-U, dated 26 October 2017, ’On the Requirements for Core Standards for the Protection of Rights and Interests of Individuals and Legal Entities Consuming Financial Services from Financial Market Self-regulatory Organisations Comprising Brokers, Manager, Depositories and Registrars’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 30.11.2017);

Bank of Russia Ordinance No. 4586-U, dated 26 October 2017, ‘On Amending Bank of Russia Ordinance No. 4026-U, Dated 30 May 2016, ‘On the List of Mandatory Core Standards and Their Contents to be Developed by Financial Market Self-regulatory Organisations Comprising Brokers, Dealers, Managers, Depositories and Registrars, and the List of Financial Market Operations (Activity Types) to be Standardised Depending on the Activity Types of Financial Institutions’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 30.11.2017);

Bank of Russia Ordinance No. 4594-U, dated 31 October 2017, ‘On Amending Bank of Russia Ordinance No. 3054-U, Dated 4 September 2013, ‘On the Procedure for Credit Institutions to Compile Annual Accounting (Financial) Statements’ (becomes effective from 1 January 2018; officially published on the Bank of Russia website on 28.11.2017);

Bank of Russia Order No. OD-3345, dated 29 November 2017, ‘On Amending Bank of Russia Order No. OD-26, Dated 15 January 2014’;

Bank of Russia Information Letter No. IN-06-51/55, dated 29 November 2017, on the methodology used by a credit rating agency.

The reference to the Press Service is mandatory if you intend to use this material.