Bank of Russia Bulletin released

Bank of Russia Bulletin No. 89 (2225) of 12 November 2020 has been released.

The issue publishes the schedule of required reserves averaging periods for 2021.

The Credit Institutions section contains a review of the key indicators of the domestic foreign cash market in August 2020. The issue contains quantitative characteristics of the banking sector of the Russian Federation as of 1 November 2020.

The Bulletin publishes the following Bank of Russia orders:

No. OD-1811, dated 06.11.2020, on the termination by the State Corporation Deposit Insurance Agency of the functions of the provisional administration to manage Sevastopol-based SM BANK JSC;

No. OD-1830, dated 10.11.2020, on amending the Appendix to Bank of Russia Order No. OD-475, dated 7 March 2019;

No. OD-1831, dated 10.11.2020, on the termination of activity of the provisional administration to manage the St Petersburg-based credit institution Neva Construction and Investment Bank.

The issue publishes information of the DIA on the start date of payment of compensation on deposits, and also place, time, form and procedure for accepting applications from the depositors of JSRCB Rosbusinessbank (PJSC).

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. 5553-U, dated 21 September 2020, ‘On Amending Bank of Russia Regulation No. 534-P, Dated 24 February 2016, ‘On Securities Admittance to Organised Trades’ (becomes effective from 1 April 2021; posted on the Bank of Russia website on 09.11.2020);

Bank of Russia Ordinance No. 5558-U, dated 22 September 2020, ‘On Amending Bank of Russia Ordinance No. 4190-U, Dated 14 November 2016, ‘On Requirements for the Use of Electronic Documents and the Procedure for Electronic Information Exchange in the Process of Compulsory Third Party Liability Insurance of Vehicle Owners’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 09.11.2020);

Bank of Russia Ordinance No. 5559-U, dated 22 September 2020, ‘On Amending Annex 1 to Bank of Russia Regulation No. 431-P, Dated 19 September 2014, ‘On the Rules for Compulsory Third Party Liability Insurance of Vehicle Owners’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 09.11.2020);

Bank of Russia Ordinance No. 5562-U, dated 24 September 2020, ‘On Amending Bank of Russia Regulation No. 562-P, Dated 5 December 2016, 'On the Procedure for a Bank (Other Credit Institution) to Electronically Inform a Regional Insurer about Account Opening (Closure) or about Changes to Bank Account Details’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 06.11.2020);

Bank of Russia Ordinance No. 5565-U, dated 25 September 2020, ‘On Amending Clause 1.9 of Bank of Russia Regulation No. 574-P, Dated 28 December 2016, 'On the Rules for Compulsory Third Party Liability Insurance of the Owner of a Hazardous Facility against the Damage Resulting from an Accident at Such Facility’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 06.11.2020);

Bank of Russia Ordinance No. 5566-U, dated 28 September 2020, ‘On Amending Clause 3.8 of Bank of Russia Ordinance No. 3028-U, Dated 22 July 2013, ‘On the Procedure for Opening (Closing) and Managing a Mobile Cash Office of a Bank (Branch)’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 09.11.2020);

Bank of Russia Ordinance No. 5567-U, dated 28 September 2020, ‘On Amending Certain Bank of Russia Regulations Following Publication of Bank of Russia Ordinance No. 5396-U, Dated 30 January 2020, ‘On the Procedure for Authorised Banks to Carry out Cash Operations with Foreign Cash in the Russian Federation’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 09.11.2020);

Bank of Russia Ordinance No. 5569-U, dated 29 September 2020, ‘On Amending Clause 2 of Bank of Russia Ordinance No. 4010-U, Dated 29 April 2016, ‘On the Procedure and Conditions for Holding a Tender to Select an Acquirer (Acquirers) of Banks’ Assets and Liabilities’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 09.11.2020);

Bank of Russia Ordinance No. 5579-U, dated 1 October 2020, ‘On Amending Bank of Russia Ordinance No. 3054-U, Dated 4 September 2013, ‘On the Procedure for Credit Institutions to Compile Annual Accounting (Financial) Statements’ (becomes effective from 1 January 2021; posted on the Bank of Russia website on 09.11.2020);

Bank of Russia Information Letter No. IN-06-59/157, dated 3 November 2020, ‘On the Procedure to Disburse Cash to Payment-card Holders Concurrently with Their Purchases in Retail and Service Companies'.

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12.11.2020 11.00.00