Bank of Russia Bulletin released

Bank of Russia Bulletin No. 59 (2299) of 18 August 2021 has been released.

The Credit Institutions section publishes the following Bank of Russia orders:

No. OD-1687, dated 11.08.2021, on amending the Appendix to Bank of Russia Order No. OD-743, dated 23 April 2021;

No. OD-1691, dated 11.08.2021, on amending the Appendix to Bank of Russia Order No. OD‑1650, dated 6 August 2021;

No. OD-1704, dated 12.08.2021, on amending the Appendix to Bank of Russia Order No. OD‑1532, dated 23 July 2021.

The issue publishes information of the State Corporation Deposit Insurance Agency on the start date of the payment of compensation for deposits, and also the place, time, form and procedure for accepting applications from the depositors of the credit institution JSC KS BANK. The Bulletin publishes notices on the exclusion of Vostokkreditbank and RTS BANK from the register of banks participating in the compulsory deposit insurance system.

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. 761‑P, dated 29 June 2021, ‘On the Procedure for the Bank of Russia to Supervise the Activities of the Association of Insurers Engaged in Government Supported Agricultural Insurance’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 11.08.2021);

Bank of Russia Ordinance No. 5834‑U, dated 29 June 2021, ‘On Amending the Appendix to Bank of Russia Ordinance No. 3620‑U, Dated 10 April 2015, ‘On the Creation and Operation of the Unified Automated System and on the Lists of Data Submitted by Insurers’ (becomes effective on 1 April 2022; posted on the Bank of Russia website on 12.08.2021);

Bank of Russia Ordinance No. 5836-U, dated 29 June 2021, ‘On Invalidating Certain Bank of Russia Regulations on Conducting Bank Operations across Federal Treasury Accounts’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 12.08.2021);

Bank of Russia Ordinance No. 5837‑U, dated 29 June 2021, ‘On Invalidating Certain Bank of Russia Regulations on Opening and Numbering Bank Accounts Pursuant to Russian Federal Budget Laws’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 11.08.2021);

Bank of Russia Ordinance No. 5838-U, dated 29 June 2021, ‘On Amending Bank of Russia Regulation No. 467-P, Dated 22 April 2015, ‘On the Procedure for the Bank of Russia to Accredit a Representative Office of a Foreign Credit Institution and Foreign Citizens Who will Work at the Representative Office of a Foreign Credit Institution, and to Monitor the Activities of the Representative Office of a Foreign Credit Institution’ (becomes effective on 1 April 2022; posted on the Bank of Russia website on 11.08.2021);

Bank of Russia Ordinance No. 5840‑U, dated 30 June 2021, ‘On Requirements for the Association of Insurers Engaged in Government Supported Agricultural Insurance to Invest Resources from the Compensation Fund and from the Natural Disaster Compensation Fund’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 11.08.2021);

Bank of Russia Ordinance No. 5843‑U, dated 30 June 2021, ‘On Amending Bank of Russia Ordinance No. 3338-U, Dated 22 July 2014, ‘On the Procedure for Bank of Russia Regional Branches to Check Credit Institutions’ Compliance with the Requirements for Banknote Counting and Sorting Machines Used to Process Banknotes to Be Dispensed to Clients’ (becomes effective on 1 April 2022; posted on the Bank of Russia website on 16.08.2021);

Bank of Russia Ordinance No. 5844-U, dated 30 June 2021, ‘On Amending Bank of Russia Regulation No. 658-P, Dated 1 November 2018’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 12.08.2021);

Bank of Russia Ordinance No. 5848-U, dated 30 June 2021, ‘On the Procedure and Conditions for Maintaining the Prices, Demand, Supply or Volume of Trading in a Financial Instrument, Foreign Currency and (or) Commodity in Accordance with Part 3 of Article 5 of the Federal Law ‘On Countering the Misuse of Insider Information and Market Manipulation and Amending Certain Laws of the Russian Federation’ (becomes effective on 1 April 2022 except for one provision for which another effective date is established; posted on the Bank of Russia website on 12.08.2021);

Bank of Russia Ordinance No. 5849-U, dated 6 July 2021, ‘On Amending Bank of Russia Regulation No. 483-P, Dated 6 August 2015, ‘On the Procedure for Assessing Credit Risk Using IRB Approach’ (becomes effective 10 days after its official publication except for certain provisions for which another effective date is established; posted on the Bank of Russia website on 16.08.2021);

Bank of Russia Methodological Recommendations No. 11-MR, dated 9 August 2021, on ensuring additional protection of the rights of disabled persons and other mobility-impaired groups of population, and on enhancing measures to prevent financial losses and mitigate the risk of fraudulent transactions with money held in these clients’ accounts when they receive financial services via remote (digital) channels.

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18.08.2021 11.00.00