On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 30-31 (1984-1985) of 13 April 2018 has been released.

The issue publishes the following documents:

Bank of Russia Instruction No. 185-I, dated 25 December 2017, ‘On Obtaining the Bank of Russia’s Consent (Approval) to the Acquisition of the Shares (Stakes) of a Financial Institution and (or) to Setting Control over the Shareholders (Members) of a Financial Institution; and on Notifying the Bank of Russia about Instances as a Result of Which a Person Entitled to Directly or Indirectly Dispose of More Than 10 Per Cent of the Shares (Stakes) of a Non-bank Financial Institution Has Completely Lost Such Right or Retained the Right to Directly or Indirectly Dispose of Less Than 10 Per Cent of the Shares (Stakes) of a Non-bank Financial Institution’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 26.03.2018);

Bank of Russia Regulation No. 622-P, dated 26 December 2017, ‘On the Procedure for Disclosing Information on Persons Controlling or Exerting Material Influence on Banks Participating in the Compulsory Household Deposit Insurance System of the Russian Federation, and on the Procedure for Disclosing and Submitting to the Bank of Russia Information on the Structure and Composition of the Shareholders (Members) of Non-governmental Pension Funds, Insurance Companies, Management Companies, Microfinance Companies, Including Persons Controlling or Exerting Material Influence Thereon’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 23.03.2018);

Bank of Russia Regulation No. 625-P, dated 27 December 2017, ‘On the Procedure for Approving by the Bank of Russia of Candidates’ Appointment (Selection) to Positions in a Financial Institution; for Notifying the Bank of Russia about Selecting (Terminating Authorities), Appointing (Releasing from Office of) Top Managers, Other Officials in Financial Institutions; for Assessing Compliance with the Qualification Requirements and (or) Requirements for Business Reputation of the Top Managers, Other Officials and Founders (Shareholders, Members) of Financial Institutions; for Forwarding Information to the Bank of Russia by a Member of a Financial Institution’s Board of Directors (Supervisory Board) on Voting (Non-voting) against a Decision Made by the Board of Directors (Supervisory Board) of a Financial Institution; for Requesting Information from the Bank of Russia and the Latter’s Replying Regarding the Availability (Non-availability) of Information in Databases Stipulated by Articles 75 and 76⁷ of Federal Law No. 86-FZ, Dated 10 July 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’; and on the Procedure for Maintaining Such Databases’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 23.03.2018);

Bank of Russia Regulation No. 626-P, dated 28 December 2017, ‘On the Assessment of, and Requirements for, Financial Standing, Grounds for Recognising Financial Standing as Unsatisfactory with Regard to the Founders (Participants in) of a Credit Institution and Other Persons Specified by Federal Law No. 281-FZ, Dated 29 July 2017, ‘On Amending Certain Laws of the Russian Federation with Regard to Improving Mandatory Requirements for Financial Institutions’ Founders (Participants), Management Bodies and Officials’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 26.03.2018);

Bank of Russia Ordinance No. 4665-U, dated 26 December 2017, ‘On Invalidating Certain Bank of Russia Regulations on the Disclosure of Information by Banks on Persons Controlling or Exerting Material Influence on Banks Participating in the Compulsory Household Deposit Insurance System of the Russian Federation’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 23.03.2018).

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