Bank of Russia Bulletin released

Bank of Russia Bulletin No. 36 (2172) of 20 May 2020 has been released.

The Credit Institutions section features information about the Russian banking system as of 1 May 2020.

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

No. OD-762, dated 14.05.2020, on the revocation of an insurance licence from the insurance joint-stock company ERGO;

No. OD-763, dated 14.05.2020, on the revocation of insurance licences from Insurance Company Kairos, Limited Liability Company.

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 Regulation No. 710-P, dated 10 January 2020, ‘On Certain Requirements for Financial Sustainability and Solvency of Insurers’ (becomes effective from 1 July 2021 except for one provision for which another effective date is established; posted on the Bank of Russia website on 30.04.2020);

Bank of Russia Ordinance No. 5435-U, dated 10 April 2020, ‘On the Procedure for the Bank of Russia to Set Book Prices for Refined Precious Metals on Non-work Days’ (becomes effective from the day of its official publication; posted on the Bank of Russia website on 13.05.2020);

Bank of Russia Ordinance No. 5459-U, dated 14 May 2020, ‘On Amending Clause 3.5 of Bank of Russia Ordinance No. 4488-U, Dated 11 August 2017, ‘On Organising and Implementing the Activity of Supervisors of Non-bank Financial Institutions and Financial Market Self-regulatory Organisations in the Bank of Russia’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 14.05.2020);

Bank of Russia Information Letter No. IN-06-59/89, dated 15 May 2020, ‘On the Procedure for Interacting with Borrowers Regarding a Grace Period or Restructuring Issues’.

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

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