On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 71 (1905) of 11 August 2017 has been released.

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

No. OD-2240, dated 9 August 2017, on the revocation of the banking licence from the Chelyabinsk-based credit institution BANK RESERVE (JSC);

No. OD-2241, dated 9 August 2017, on appointing the provisional administration to the Chelyabinsk-based credit institution BANK RESERVE (JSC) due to the revocation of its banking licence;

No. OD-2242, dated 9 August 2017, on the revocation of the banking licence from the Moscow-based credit institution NCI Kontinent Finans (PJSC);

No. OD-2243, dated 9 August 2017, on appointing the provisional administration to the Moscow-based credit institution NCI Kontinent Finans (PJSC) due to the revocation of its banking licence;

No. OD-2244, dated 9 August 2017, on the revocation of the banking licence from the Moscow-based credit institution CB Anelik RU LLC;

No. OD-2245, dated 9 August 2017, on appointing the provisional administration to the Moscow-based credit institution CB Anelik RU LLC due to the revocation of its banking licence.

The Official Documents section publishes the following materials:

Bank of Russia Ordinance No. 4416-U, dated 19 June 2017, ‘On Amending Bank of Russia Ordinance No. 3210-U, Dated 11 March 2014, ‘On the Procedure for Legal Entities to Carry out Cash Operations and the Simplified Procedure for Individual Entrepreneurs and Small Businesses to Carry out Cash Operations’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 8 August 2017);

Bank of Russia Ordinance No. 4449-U, dated 5 July 2017, ‘On Amending Bank of Russia Regulation No. 383-P, Dated 19 June 2014, ‘On Funds Transfer Rules’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 8 August 2017);

Bank of Russia Ordinance No. 4458-U, dated 12 July 2017, ‘On the Procedure and Conditions for the Bank of Russia to Hold a Closed Competitive Selection of an Acquirer (Acquirers) or Banks’ Assets and Liabilities’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 7 August 2017);

Bank of Russia Ordinance No. 4459-U, dated 12 July 2017, ‘On Amending Bank of Russia Instruction No. 126-I, Dated 11 November 2005, ‘On the Procedure for Regulating Relations Linked to the Implementation of Measures to Prevent Insolvency (Bankruptcy) of Credit Institutions’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 7 August 2017);

Bank of Russia Ordinance No. 4460-U, dated 12 July 2017, ‘On the Procedure for the Bank of Russia to Develop and Approve Plans for the Bank of Russia’s Participation in Bank Bankruptcy Prevention, on Amending the Approved Plan for the Bank of Russia’s Participation in Bank Bankruptcy Prevention, Submitting the Plan for the Bank of Russia’s Participation in Settling Banks’ Liabilities for Consideration by the Bank of Russia Banking Supervision Committee and Approval by the Bank of Russia Board of Directors, on the Content of the Report of the Management Company of the Banking Sector Consolidation Fund, Limited Liability Company, on the Implementation of Measures Stipulated by the Plan for the Bank of Russia’s Participation in Bank Bankruptcy Prevention and its Submission to the Bank of Russia’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 7 August 2017);

Bank of Russia Ordinance No. 4462-U, dated 12 July 2017, ‘On the Procedure for the Bank of Russia to Approve the Plan for Participation of the State Corporation Deposit Insurance Agency in Bank Bankruptcy Prevention Measures, the Procedure for Amending the Approved Plan for Participation of the State Corporation Deposit Insurance Agency in Bank Bankruptcy Prevention Measures, the Procedure for Submitting the Plan for Participation of the State Corporation Deposit Insurance Agency in Settling Banks’ Liabilities to the Bank of Russia Banking Supervision Committee, the Composition of the Report of the State Corporation Deposit Insurance Agency on the Implementation of Measures Stipulated by the Plan for Participation of the State Corporation Deposit Insurance Agency in Bank Bankruptcy Prevention Measures, and the Procedure for Submitting it to the Bank of Russia’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 7 August 2017);

Bank of Russia Ordinance No. 4463-U, dated 12 July 2017, ‘On the Requirements for the Acquirer (Acquirers) under the Plan for the Bank of Russia’s Participation in Bank Bankruptcy Prevention Measures of at Least 75% of Ordinary Shares of a Bank Incorporated as a Joint-stock Company (at Least Three Fourths of Voting Shares of the Total Shares of Participants in the Authorised Capital of a Bank Incorporated as a Limited Liability Company) or Units of a Unit Investment Fund Founded by the Management Company of the Banking Sector Consolidation Fund, Limited Liability Company, Which Holds at Least 75% of Ordinary Shares of a Bank Incorporated as a Joint-stock Company (at Least Three Fourths of Voting Shares of the Total Shares of Participants in the Authorised Capital of a Bank Incorporated as a Limited Liability Company)’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 7 August 2017);

Bank of Russia Ordinance No. 4464-U, dated 12 July 2017, ‘On the Procedure and Method for Analysing the Financial Position of a Bank to Decide on the Bank of Russia’s Participation in Bank Bankruptcy Prevention Measures or Liability Settlement’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 7 August 2017);

Bank of Russia Ordinance No. 4465-U, dated 12 July 2017, ‘On the Procedure for the Bank of Russia to Decide on Decreasing the Authorised Capital of a Bank to the Value of its Capital or One Ruble in the Period of Functioning of the Provisional Administration to Manage the Credit Institution Appointed in Compliance with the Plan for the Bank of Russia’s Participation in Bank Bankruptcy Prevention Measures’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 7 August 2017);

Bank of Russia Ordinance No. 4466-U, dated 12 July 2017, ‘On the Method for the Bank of Russia to Assess the Adequacy of a Bank’s Assets to Settle its Liabilities’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 7 August 2017);

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