On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 44 (1878) of 12 May 2017 has been released.

The section Credit Institutions contains information on credit institutions’ registration and licensing as of 1 May 2017, information to be included in the register of credit institutions which the Bank of Russia qualifies as being significant in the payment services market (the register was published in Bank of Russia Bulletin No. 34 of 5 April 2017). Bank of Russia Order No. OD-1201, dated 5 May 2017, ’On Amending Appendix 1 to Bank of Russia Order No. OD-1056, Dated 21 April 2017′. The issue publishes information notice of the DIA for the depositors of CB ROSENERGOBANK (JSC).

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD-1183, dated 4 May 2017, ‘On Resuming the Insurance Licence of the Limited Liability Company Insurance Company Orbita’; information on the transfer of obligation to pay life-time non-governmental pensions and funds from the pension reserves of JSC NPF ‘Chamber of Commerce and Industry Fund’ to another non-governmental pension fund.

The issue presents consolidated data on financial market sectors and information notices by the Bank of Russia.

The section Official Documents publishes the following materials:

Bank of Russia Ordinance No. 4256-U, dated 28 December 2016, ‘On the Submission by Trade Organisers, Clearing Houses, and Central Counterparties of the Information Specified in the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ to the Federal Financial Monitoring Service’ (becomes effective 10 days after the official publication; published on the Bank of Russia website on 10 May 2017);

Bank of Russia Ordinance No. 4293-U, dated 14 February 2017, ‘On the List and Procedure for Compiling by a Beneficiary of Documents Authorising the Receipt of Insurance Benefits, Part Thereof (Preliminary Payment) under the Carrier’s Contract on Compulsory Third Party Liability Insurance for Inflicting Damage to the Life, Health or Property of Passengers’ (the document is to be published and, in line with the decision of the Bank of Russia Board of Directors, becomes effective on the effective date of Russian Federation Government Resolution invalidating Government Resolution No. 1378, dated 22 December 2012, ‘On Approving the Rules to Compile Documents Authorising the Receipt of Insurance Benefits and Preliminary Payment under the Carrier’s Contract on Compulsory Third Party Liability Insurance for Inflicting Damage to the Life, Health or Property of Passengers’; officially posted on the Bank of Russia website on 11 May 2017);

Bank of Russia Ordinance No. 4330-U, dated 27 March 2017, ‘On Amending Bank of Russia Ordinance No. 3386-U, Dated 22 September 2014, ‘On the Procedure for Calculating the Foreign Capital Stake (Quota) in the Authorised Capital of Insurance Companies, and the Lists of Documents Required to Obtain the Bank of Russia’s Permits to Alienate the Shares (Stakes in Authorised Capital) of Insurance Companies in Favour of Foreign Investors and/or Their Subsidiaries’ (becomes effective 10 days after the official publication; published on the Bank of Russia website on 5 May 2017);

Bank of Russia Ordinance No. 4347-U, dated 6 April 2017, ‘On Amending Bank of Russia Regulation No. 431-P, Dated 19 September 2014, ‘On the Rules of Compulsory Third Party Liability Insurance of Vehicle Owners’ (becomes effective 10 days after its official publication; published on the Bank of Russia website on 10 May 2017);

Bank of Russia Ordinance No. 4348-U, dated 7 April 2017, ‘On Amending Bank of Russia Regulation No. 452-P, Dated 28 December 2014, ‘On the Procedure for the Bank of Russia to Keep the State Register of Credit History Bureaus and the Requirements for Financial Standing and Business Reputation of Participants in Credit History Bureaus’ (becomes effective 10 days after its official publication; published on the Bank of Russia website on 4 May 2017);

Bank of Russia Information Letter No. IN-06-28/19, dated 4 May 2017, on certain issues related to the qualification of foreign financial instruments as securities.

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