Bank of Russia Bulletin released

Bank of Russia Bulletin No. 64 (2304) of 15 September 2021 has been released.

The issue presents information about the Bank of Russia’s decision to raise the key rate by 25 bp to 6.75% p.a.

The Credit Institutions section presents a review of the key indicators of the domestic foreign cash market in July 2021.

The Bulletin publishes the following Bank of Russia orders:

No. OD-1894, dated 09.09.2021, on appointing the State Corporation Deposit Insurance Agency to act as the provisional administration to manage the Samara-based CB Sputnik PJSC;

No. OD-1895, dated 09.09.2021, on imposing moratorium on meeting creditor claims of the Samara-based CB Sputnik PJSC.‑

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD-1882, dated 08.09.2021, on the revocation of the insurance and reinsurance licences of Joint-stock Company Insurance Group UralSib.

The issue presents consolidated data on financial market sectors and information notices.

The Official Documents section publishes the following materials:

Bank of Russia Regulation No. 764-P, dated 15 July 2021, ‘On the Procedure, Timeframe and Volume of Information Received from an Authorised Body in Accordance with Clause 13.2 of Article 7 of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ for the Bank of Russia to Communicate to Organisations Conducting Operations With Money and Other Property, Which Are Specified in Article 5 of the Said Federal Law and Which Are Regulated, Controlled and Supervised by the Bank of Russia in Accordance with the Legislation of the Russian Federation’ (becomes effective on 1 September 2021; posted on the Bank of Russia website on 01.09.2021);

Bank of Russia Regulation No. 765‑P, dated 28 July 2021, ‘On Cooperation Between the Central Catalogue of Credit Histories and Credit History Bureaus’ (becomes effective on 1 January 2022; posted on the Bank of Russia website on 09.09.2021);

Bank of Russia Ordinance No. 5861-U, dated 15 July 2021, ‘On the Procedure for Credit Institutions to Submit to the Authorised Body Information in Accordance with Articles 7 and 7.5 of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ (becomes effective on 1 September 2021 except for the provisions for which other effective period is established; posted on the Bank of Russia website on 01.09.2021);

Bank of Russia Ordinance No. 5869-U, dated 28 July 2021, ‘On Amending Clause 2.4 of Bank of Russia Ordinance No. 1610-U, Dated 31 August 2005, and Bank of Russia Ordinance No. 3572-U, Dated 19 February 2015, Due to Amendments Introduced to the Federal Law ‘On Credit Histories’ (becomes effective on 1 January 2022; posted on the Bank of Russia website on 03.09.2021);

Bank of Russia Ordinance No. 5876-U, dated 5 August 2021, ‘On Invalidating Certain Bank of Russia Regulations on Submitting to the Bank of Russia of Notifications of Insurance Types by Insurance Companies, and Insurance Rules, Calculation Methodologies for Insurance Rates, Insurance Rate Structures and Insurance Reserves Procedures by Insurers’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 10.09.2021);

Bank of Russia Ordinance No. 5926-U, dated 10 September 2021, ‘On Invalidating Certain Bank of Russia Regulations’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 10.09.2021);

Bank of Russia Ordinance No. 5927-U, dated 10 September 2021, ‘On Invalidating Certain Bank of Russia Regulations’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 10.09.2021);

Banks of Russia and FAS of Russia Information Letter No. IN-06-59/70 / AK/75514/21, dated 6 September 2021, ‘On Consent to Receive Advertisements’;

Bank of Russia Information Letter No. IN-06-59/71, dated 8 September 2021, ‘On the Procedure for Paying Insurance Compensation to Assignees under Compulsory Third Party Liability Insurance of Vehicle Owners’;

Bank of Russia Methodological Recommendations No. 15-MR, dated 2 September 2021, on the replenishment of pension savings by non-governmental pension funds.

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

15.09.2021 11.00.00