On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 46 (2000) of 15 June 2018 has been released.

The issue publishes a speech delivered by the Bank of Russia Governor Elvira Nabiullina at the 27th International Financial Congress.

The Bulletin lists the credit institutions with appointed authorised representatives of the Bank of Russia who act in compliance with Article 76 of Federal Law No. 86-FZ, dated 10 July 2002, ‘On the Central Bank of Russian Federation (Bank of Russia)’ as of 01.06.2018.

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

No. OD-1452, dated 09.06.2018, on amending the Appendix to Bank of Russia Order No. OD-1329, dated 25 May 2018;

No. OD-1453, dated 09.06.2018, on the termination of the activity of the provisional administration to manage the Moscow-based credit institution CB PREODOLENIE LLC;

No. OD-1457, dated 13.06.2018, on the termination by the Limited Liability Company Fund of Banking Sector Consolidation Asset Management Company of the functions of the provisional administration to manage the Moscow-based Bank TRUST PJSC;

No. OD-1458, dated 13.06.2018, on the termination by the Limited Liability Company Fund of Banking Sector Consolidation Asset Management Company of the functions of the provisional administration to manage the Moscow-based Bank ROST BANK JSC.

The issue publishes information notices of the DIA for the depositors of PJSC OK Bank and Bank Ussury JSC.

The Non-bank Financial Institutions section informs about the termination of forced liquidation of NPF Vremya and about the results of the disposal of the assets of NPF Povolzhsky.

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 Regulation No. 639-P, dated 30 March 2018, ‘On the Procedure, Timeframes and Volume of Information to be Communicated to Credit Institutions and Non-bank Financial Institutions on the Cases of Refusal to Conduct Operations and to Execute Bank Account (Deposit) Agreement and (or) Cases of Terminating Bank Account (Deposit) Agreement with a Customer, on Eliminating Grounds for a Decision to Refuse to Conduct Operations and to Execute Bank Account (Deposit) Agreement, and on the Absence of Grounds for Terminating Bank Account (Deposit) Agreement with a Customer’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 13.06.2018);

Bank of Russia Ordinance No. 4738-U, dated 15 March 2018, ‘On Amending Bank of Russia Regulation No. 463-P, Dated 12 March 2015, ‘On the Requirements to Mitigate Clearing Risks and Requirements for a Document (Documents) Setting Forth Measures to Mitigate Credit, Operational and Other Risks, Including Risks Related to Holding Together Clearing and Other Activities’ (becomes effective from 1 September 2018; posted on the Bank of Russia website on 13.06.2018);

Bank of Russia Ordinance No. 4739-U, dated 15 March 2018, ‘On the Requirements for Internal Controls and Auditing Conducted by a Clearing Organisation’ (becomes effective from 1 September 2018; posted on the Bank of Russia website on 13.06.2018);

Bank of Russia Ordinance No. 4740-U, dated 15 March 2018, ‘On Amending Bank of Russia Regulation No. 575-P, Dated 30 December 2016, ‘On the Requirements for Risk Management, Rules for Risk Management Arrangement, Clearing Collateral, Placing Property, and Creating Assets of a Central Counterparty, as well as Entities with Which a Central Counterparty is Entitled to Open Trading and Clearing Accounts, and the Methodology for Determining Allocated Capital of a Central Counterparty’ (becomes effective from 1 September 2018; posted on the Bank of Russia website on 13.06.2018);

Bank of Russia Information Letter No. IN-06-59/38, dated 09.06.2018, on malpractice by certain MFOs.

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