Bank of Russia Bulletin released

Bank of Russia Bulletin No. 68 (2204) of 3 September 2020 has been released.

The Credit Institutions section presents a review of key indicators of domestic foreign cash market in June 2020.

The issue publishes lists of credit institutions complying with the requirements of federal laws and resolutions of the Russian Federation Government as of 1 August 2020.

The Bulletin publishes Bank of Russia Order No. OD-1437, dated 02.09.2020, on the termination of activity of the provisional administration to manage the Kyzyl-based credit institution JSC ‘The people`s bank of Tuva’.

The issue publishes information notice of the DIA for the depositors of Slavyanski Credit Ltd.

The issue 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 Ordinance No. 5468-U, dated 29 May 2020, ’On Amending Bank of Russia Ordinance No. 5140-U, dated 6 May 2019, ’On the List of Insider Information of the Bank of Russia’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 01.09.2020);

Bank of Russia Ordinance No. 5470-U, dated 29 May 2020, ’On the Timeframe for Microcredit Companies, Other Than Non-profit Organisations, to Disclose Information on the Structure and Composition of Their Shareholders (Members), Including on Individuals Controlling or Exerting Material Influence on Microcredit Companies; Procedure for Microfinance Organisations, Other Than Non-profit Organisations, to Forward to the Bank of Russia Notifications with Information that Is Not Disclosed; the Procedure for the Bank of Russia to Forward Inquiries and Receive Information about Individuals Entitled, Directly or Indirectly or Jointly with Other Individuals, to Dispose of More Than 10 Per Cent of Shares (a 10 Per Cent Stake) of a Microcredit Company Constituting the Authorised Capital of the Microcredit Company, as Well as about Individuals Performing the Functions of the Sole Executive Body of Such Entities’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 31.08.2020);

Bank of Russia Ordinance No. 5510-U, dated 20 July 2020, ‘On the Procedure and Timeframe for Submitting to the Bank of Russia Annual Consolidated Financial Statements by Organisations Specified in Clauses 2-5 of Part 1 of Article 2 of Federal Law No. 208-FZ, Dated 27 July 2010, ‘On Consolidated Financial Statements’ (becomes effective on 1 April 2021; posted on the Bank of Russia website on 31.08.2020);

Bank of Russia Information Letter No. IN-06-59/126, dated 26 August 2020, ‘On Bank of Russia Recommendations Concerning Fees on Consumer Loans’;

Bank of Russia Information Letter No. IN-015-59/127, dated 27 August 2020, ‘On Recommendations Concerning Remote Means of Interaction with Customers’;

Bank of Russia Information Letter No. IN-015-59/129, dated 31 August 2020, ‘On the Procedure for Interacting with Borrowers by Creditors Implementing Their Own Programmes for Refinancing Loans Complying with the Conditions Set by Federal Law No. 106-FZ’.

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03.09.2020 00.00.00