Bank of Russia Bulletin released

Bank of Russia Bulletin No. 61 (2197) of 13 August 2020 has been released.

The issue publishes the Bank of Russia’s decision on regulatory easing and macroprudential measures and the decision of the Bank of Russia Board of Directors on the levels of credit ratings assigned to credit institutions where a financial platform operator is entitled to open a special account.

The Credit Institutions section lists credit institutions complying with the requirements of resolutions of the Russian Federation Government as of 1 July 2020.

The Bulletin contains information on the Russian banking system as of 1 August 2020.

The issue publishes information notices of the DIA for the depositors of LC CBCA, Public Bank JSC, and NCI Bank LLC.

The Bulletin 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. 723-P, dated 18 June 2020, ‘On the Procedure for Non-governmental Pension Funds to Account Non-governmental Pension Provision Agreements’ (becomes effective on 1 January 2023; posted on the Bank of Russia website on 27.07.2020);

Bank of Russia Ordinance No. 5471-U, dated 29 May 2020, ‘On Amending Bank of Russia Ordinance No. 3984-U, Dated 28 March 2016, ‘On the Procedure for the Bank of Russia to Maintain the State Register of Microfinance Organisations, the Form of Application for Entering Information on a Legal Entity into the State Register of Microfinance Organisations, the Form of Information on the Founders (Members, Shareholders) of the Legal Entity, the Form of a Certificate of Entry of Information on the Legal Entity into the State Register of Microfinance Organisations and the Procedure for its Reregistration, Application Forms on Changing the Type of a Microfinance Organisation and on Operation as a Microfinance Organisation or as a Microcredit Company, and the Form and Procedure for Submitting Documents and Information Confirming the Availability of Equity (Capital) and Sources of Funds Contributed by Founders (Members, Shareholders)’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 31.07.2020);

Bank of Russia Ordinance No. 5483-U, dated 22 June 2020, ‘On Amending Bank of Russia Ordinance No. 4905-U, Dated 12 September 2018, ‘On the Requirements for the Central Depository’s Activity with Regard to Managing Risks Related to its Activity, as well as for Rules to Manage the Said Risks’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 05.08.2020);

Bank of Russia Ordinance No. 5487-U, dated 29 June 2020, ‘On Amending Bank of Russia Regulation No. 446-P, Dated 22 December 2014, ‘On the Procedure for Determining Credit Institutions’ Revenues, Expenditures and Other Aggregate Income’ (becomes effective 10 days after its official publication except for the subclause which becomes effective on 1 January 2021; posted on the Bank of Russia website on 06.08.2020);

Bank of Russia Ordinance No. 5488-U, dated 29 June 2020, ‘On Amending Bank of Russia Ordinance No. 4190-U, Dated 14 November 2016, ‘On Requirements for the Use of Electronic Documents and the Procedure for Electronic Information Exchange in the Process of Compulsory Third Party Liability Insurance of Vehicle Owners’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 07.08.2020);

Bank of Russia Information Letter No. IN-06-59/116, dated 4 August 2020, ‘On Certain Issues of the Early Repayment of Consumer Loans’.

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