On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 117-118 (1595-1596) of 31 December 2014 has been released.

The section Credit Institutions publishes a register of credit institutions recognised by the Bank of Russia as important on the payment services market, a register of liquidators accredited with the Bank of Russia as receivers in case of credit institution bankruptcy as of 22 December 2014, as well as the following Bank of Russia Orders:

No. OD-3738, dated 30 December 2014, on the revocation of the banking licence from the Samara-based credit institution OJSC VKB;

No. OD-3739, dated 30 December 2014, on the appointment of the provisional administration to manage the Samara-based credit institution OJSC VKB due to the revocation of its banking licence;

No. OD-3742, dated 30 December 2014, on updating the provisional administration personnel of the Kemerovo-based credit institution LLC RB Bank;

No. OD-3745, dated 30 December 2014, on the termination of activity of the provisional administration of the Moscow-based credit institution Settlement Non-bank Credit Institution TsMP (LLC);

No. OD-3746, dated 30 December 2014, on the termination of activity of the provisional administration of the credit institution LLC CB Doninvest (the city of Rostov-on-Don).

The issue publishes an information notice by the autonomous non-profit organisation Depositor Protection Fund on compensation payments and the acquisition of rights (claims) on deposits of JSC ZLATOBANK (the city of Kiev, Ukraine).

The Bulletin provides information from the state corporation Deposit Insurance Agency for the depositors of OJSC TSB and OJSC Investbank BZL.

The section Non-Credit Financial Institutions publishes the following Bank of Russia Orders:

No. OD-3633, dated 24 December 2014, ‘On Amending Point 2 of Bank of Russia Order No. OD-3158, Dated 10 November 2014’;

No. OD-3666, dated 26 December 2014, ‘On the Revocation of the Licence to Perform Mediation Activity as an Insurance Broker from the Limited Liability Company Insurance Broker Kazansky’;

No. OD-3669, dated 26 December 2014, ‘On the Renewal of the Insurance Licence to the Limited Liability Company Radonezh Insurance Company’;

No. OD-3670, dated 26 December 2014, ‘On Suspending the Insurance Licence of the Limited Liability Company Radonezh Insurance Company’;

No. OD-3747, dated 30 December 2014, ‘On the Revocation of the Insurance Licence of the Limited Liability Company Ermak Insurance Company’;

No. OD-3768, dated 30 December 2014, ‘On the Appointment of the Provisional Administration to Manage the Open Joint-Stock Company Russian Insurance Transport Company’;

No. OD-3777, dated 31 December 2014, ‘On the Appointment of the Provisional Administration to Manage the Limited Liability Company National Fire Protection Insurance Company’.

The issue presents weekly consolidated data on financial market sectors, as well as information notices by the Bank of Russia.

Bank of Russia Bulletin No. 117-118 publishes the following official documents:

Bank of Russia Regulation No. 439-P, dated 29 October 2014, ‘On the Procedure for the Inclusion of Persons into a List of Ones Representing Bond Owners and the Exclusion Therefrom, the Procedure for Informing Bond Owners by their Representative and Providing a Notice on the Representative of Bond Owners, and Requirements for its Form and Contents’ (becomes effective 10 days following its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3424-U, dated 27 October 2014, ‘On the Procedure for Keeping the State Register of Self-Regulating Organisations of Actuaries’ (becomes effective 10 days following its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3435-U, dated 6 November 2014, ‘On Additional Requirements for the Qualifications of Chief Actuaries, and the Procedure for their Performance Review’ (becomes effective 10 days following its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3448-U, dated 20 November 2014, ‘On Amending Bank of Russia Ordinance No. 2333-U, Dated 12 November 2009, On the Procedure for Bank of Russia’s Decision-Making on the State Registration of Amendments to a Bank’s Charter, and the Procedure for Obtaining Bank of Russia’s Prior Consent to the Bank’s Purchase of Preferred Shares from the Russian Federation within Capitalisation Boosting Procedures’ (becomes effective 10 days following its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3455-U, dated 27 November 2014, ‘On Amending Point 2.2 of Bank of Russia Ordinance No. 1485-U, Dated 9 August 2004, On Requirements for the Training and Instruction of Credit Institutions’ Staff’ (becomes effective 10 days following its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3457-U, dated 28 November 2014, ‘On the Non-Use of Specific Regulations of the Federal Securities Market Commission’ (becomes effective 10 days following its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3470-U, dated 5 December 2014, ‘On Qualification Requirements for Officials Responsible for the Implementation of Internal Control Rules to Counter Money Laundering and Terrorism Financing at Non-Credit Financial Institutions’ (becomes effective 10 days following its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3490-U, dated 16 December 2014, ‘On Amending Bank of Russia Instruction No. 139-I, Dated 3 December 2012, On Banks’ Required Ratios’ (becomes effective on 1 January 2015, except for provisions which come into force at other times);

Bank of Russia Ordinance No. 3493-U, dated 16 December 2014, ‘On Interaction and Operational and Payment Clearing Services under Money Transfers Using International Payment Cards’ (becomes effective 10 days following its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3495-U, dated 18 December 2014, ‘On Establishing a Period during which the Effective Interest Rate of a Consumer Loan Is not Restricted’ (comes into force on 1 January 2015);

Bank of Russia Ordinance No. 3496-U, dated 18 December 2014, ‘On Amending Bank of Russia Regulation No. 254-P, Dated 26 March 2004, On the Procedure for Making by Credit Institutions Provisions on Loans, Loan and Similar Debts’ (becomes effective on the day of its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3497-U, dated 18 December 2014, ‘On Amending Bank of Russia Instruction No. 139-I, Dated 3 December 2012, On Banks’ Required Ratios’ (becomes effective on the day of its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3498-U, dated 18 December 2014, ‘On Reclassification of Securities’ (becomes effective on the day of its official publication in the Bank of Russia Bulletin);

Bank of Russia Order No. OD-3716, dated 27 December 2014, ‘On the Procedure for Assessing the Regulatory Effect of Bank of Russia Regulation Drafts’;

Bank of Russia Letter No. 226-T, dated 25 December 2014, ‘On Decree of the President of the Russian Federation No. 751, Dated 3 December 2014, On Measures to Implement UN SC Resolution 2153, 29 April 2014’;

Bank of Russia Letter No. 234-T, dated 30 December 2014, ‘On the Reference Details of 110 Directives’;

Bank of Russia Letter No. 01-56-2/10625, dated 26 December 2014, ‘On the Features of Using Bank of Russia Regulations’ (is in force until 30 June 2015);

Bank of Russia Letter No. 01-56-2/10626, dated 26 December 2014, ‘On the Features of Using Bank of Russia Regulations’ (is in force until 30 June 2015).

The section The Deposit Insurance Agency presents the Procedure for Paying Guarantee Fees and Exercising Control over the Completeness and Timeliness of their Transfer to the Pension Savings Guarantee Fund.

The reference to the Press Service is mandatory if you intend to use this material.

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