On Bank of Russia Bulletin

Bank of Russia Bulletin No. 102 (1820) of 16 November 2016 has been released.

The issue publishes the speech by Bank of Russia Governor Elvira Nabiullina at the International Conference ‘Modern Auditing: Problems and Prospects.’

The section Credit Institutions covers the review of key indicators which illustrate the status of the domestic foreign exchange market in September 2016.

The Bulletin publishes Bank of Russia Order No. OD-3823, dated 9 November 2016, on the termination of activity of the provisional administration of the Moscow-based credit institution JSCB FINPROMBANK (PJSC).

The issue publishes information notices given by the state corporation Deposit Insurance Agency for the depositors of Westinterbank LLC and ICB Enthusiastbank, Limited.

The section Non-credit Financial Institutions publishes the following Bank of Russia orders:

Order No. OD-3868, dated 10 November 2016, on suspending insurance licences of the joint-stock company International Trade Union Insurance Company MESCO;

Order No. OD-3869, dated 10 November 2016, on suspending insurance and reinsurance licences of the Nezavisimost Insurance company, LLC;

Order No. OD-3870, dated 10 November 2016, on the revocation of insurance and reinsurance licences of the Insurance Company NASKO Zhizn, LLC.

The issue publishes consolidated weekly data on financial market sectors and Bank of Russia information notices.

The section Official Documents publishes the following materials:

Bank of Russia Ordinance No. 4106-U, dated 23 August 2016, ‘On the Procedure for the Free Transfer of Credit Histories to Credit Histories Bureaus on a Competitive Basis’ (becomes effective 10 days after its official publication);

Bank of Russia Ordinance No. 4107-U, dated 23 August 2016, ‘On the Procedure for an Issuer to Disclose (Submit) Information in the Event of Substitution of Securities Holders’ Registrar’ (becomes effective 10 days after its official publication; officially posted on the Bank of Russia website on 11 November 2016);

Bank of Russia Ordinance No. 4142-U, dated 29 September 2016, ‘On Approving a Standard Contract to Render Specialised Depository’s Services to a Non-governmental Pension Fund Engaged in Mandatory Pension Insurance and a Standard Contract to Render Specialised Depository’s Services to a Management Company as Regards Pension Savings’ (becomes effective on 1 December 2016);

Bank of Russia Ordinance No. 4163-U, dated 17 October 2016, ‘On Invalidating Clause 12.3 of Bank of Russia Regulation No. 475-P, Dated 29 June 2015, ‘On the Requirements to Financial Standing of an Entity Acquiring Shares in a Non-governmental Pension Fund or an Entity Establishing Direct or Indirect (Through Third Parties) Control over a Shareholder of a Non-governmental Pension Fund Owning More than 10% of Its Shares, on the Procedure for Assessing the Financial Standing of such Entities and Grounds for Recognising it as Unsatisfactory’ (becomes effective 10 days after its official publication);

Bank of Russia Ordinance No. 4164-U, dated 17 October 2016, ‘On the Procedure for Carrying out an Anti-corruption Examination of Bank of Russia Regulations and Draft Regulations’ (becomes effective 10 days after its official publication; officially posted on the Bank of Russia website on 9 November 2016);

Bank of Russia Ordinance No. 4166-U, dated 20 October 2016, ‘On Amending Bank of Russia Instruction No. 139-I, Dated 3 December 2012, ‘On Banks’ Required Ratios’ (becomes effective 10 days after its official publication; officially posted on the Bank of Russia website on 11 November 2016).

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

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