On Bank of Russia Bulletin

Bank of Russia Bulletin No. 71 (1789) of 29 July 2016 has been released.

The section Credit Institutions publishes a review of basic indicators to describe the foreign cash situation in the domestic market in May 2016.

The Bulletin publishes the following Bank the revocation of the banking licence of the Moscow-based credit institution CB BFG-Credit (LLC);

No. OD-2390, dated 27 July 2016, on the termination of activities by the state corporation Deposit Insurance Agency of the provisional administration of the Moscow-based credit institution CB BFG-Credit (LLC);

No. OD-2391, dated 27 July 2016, on appointing a provisional administration to manage the Moscow-based credit institution CB BFG-Credit (LLC) following revocation of its banking licence;

No. OD-2392, dated 27 July 2016, on the termination of a moratorium to meet the claims of creditors of the Moscow-based credit institution CB BFG-Credit (LLC) following revocation of its banking licence.

The Bulletin publishes the information notice given by the state corporation Deposit Insurance Agency for the depositors of PJSC CB EurocityBank.

The section Official Documents publishes the following materials:

Bank of Russia Ordinance No. 4050-U, dated 22 June 2016, ‘On Approving a List of Organisations Responsible for Security Rights Record Keeping Where Depositories Can Open Accounts to Record Their Rights to Securities Submitted When Issuing Russian Depository Receipts and Where Depositories Can Open Accounts for an Entity Acting in the Interests of Other Entities to Record Foreign Issuers’ Rights to Securities in the Event of Their Public Placement and/or Public Trading in the Russian Federation’ (becomes effective 10 days after its official publication; officially posted on the Bank of Russia website on 27 July 2016);

Bank of Russia Ordinance No. 4051-U, dated 22 June 2016, ‘On Approving a List of Foreign Organisations to Which the Central Depository Opens Foreign Nominee Holder’s Depository Accounts’ (becomes effective 10 days after its official publication; officially posted on the Bank of Russia website on 27 July 2016);

Bank of Russia information letter No. IN-06-51/54, dated 18 July 2016, on the Regulation of the European Parliament and EU Council ‘on transparency of securities financing operations and reuse’ and amending EU Regulation No. 648/2012.

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