Credit ratings established to implement Bank of Russia Regulation No. 626-P, dated 28 December 2017, and Bank of Russia Instruction No. 135-I, dated 2 April 2010

In its 26 October 2018 meeting, the Bank of Russia Board of Directors, for the purposes of 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’ (further referred to as the Regulation) and Bank of Russia Instruction No. 135-I, dated 2 April 2019, ‘On the Procedure for the Bank of Russia to Make Decisions on the State Registration and Licensing of Credit Institutions’ (further referred to as the Instruction) decided as follows:

1. For the purposes of Paragraph 1 Clause 2.2, Paragraph 1 Clause 2.5, Paragraph 2 Subclause 3.1.3 Clause 3.1, Paragraph 8 Clause 10.3, Clause 11.3 of the Regulation, Paragraph 2 Clause 17.7 of the Instruction, to assign the following credit ratings:

2. This decision is to be applied from the day it is published on the Bank of Russia website.

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