Bank of Russia Bulletin released

Bank of Russia Bulletin No. 60 (2300) of 25 August 2021 has been released.

The issue contains information on the Bank of Russia Board of Directors’ decision on  interbank commissions (IBC) and maximum fees charged by credit institutions from their clients when individuals transfer funds to legal entities, individual entrepreneurs, and self-employed persons via the faster payments service of the Bank of Russia payment system.

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

The Bulletin publishes the following Bank of Russia orders:

No. OD-1739, dated 17.08.2021, on amending the Appendix to Bank of Russia Order No. OD-1532, dated 23 July 2021;

No. OD-1741, dated 17.08.2021, on amending the Appendix to Bank of Russia Order No. OD-743, dated 23 April 2021;

No. OD-1764, dated 19.08.2021, on the termination of activity of the provisional administration to manage the Kranoyarsk-based credit institution OOO NKO Krasnoyarsk Territorial Settlement Center;

No. OD-1765, dated 19.08.2021, on amending the Appendix to Bank of Russia Order No. OD-743, dated 23 April 2021;

No. OD-1790, dated 23.08.2021, on amending the Appendix to Bank of Russia Order No. OD‑1650, dated 6 August 2021;

No. OD-1791, dated 23.08.2021, on amending the Appendix to Bank of Russia Order No. OD‑1532, dated 23 July 2021.

The Non-bank Financial Institutions section informs about the appointment of a liquidator to NPF Kapitan.

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

The Official Documents section publishes the following materials:

Bank of Russia Ordinance No. 5830‑U, dated 28 June 2021, ‘On Specifying the List, Procedure and Timeframe for Microfinance Organisations to Disclose Information on Their Websites and at Customer Service Points’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 17.08.2021);

Bank of Russia Ordinance No. 5831‑U, dated 28 June 2021, ‘On Specifying the List, Procedure and Timeframe for Consumer Credit Cooperatives, Numbering More than Three Thousand Individuals and/or Legal Entities, to Disclose Information on Their Websites’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 17.08.2021);

Bank of Russia Ordinance No. 5853‑U, dated 12 July 2021, ‘On Amending Clause 1 of Bank of Russia Ordinance No. 3239‑U, Dated 23 April 2014, ‘On Issuing Bank of Russia Unsecured Loans to Credit Institutions’ (becomes effective on 1 November 2021; posted on the Bank of Russia website on 24.08.2021);

Bank of Russia Ordinance No. 5857-U, dated 15 July 2021, ‘On Amending Clause 1 of Bank of Russia Ordinance No. 5542-U, Dated 10 September 2020, ‘On the List of Bank of Russia Officials Authorised to Compile Administrative Offence Reports’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 24.08.2021);

Bank of Russia Ordinance No. 5858-U, dated 15 July 2021, ‘On Amending Bank of Russia Ordinance No. 4190-U, Dated 14 November 2016, ‘On Requirements for the Use of Electronic Documents and the Procedure for Electronic Information Exchange in the Process of Compulsory Third Party Liability Insurance of Vehicle Owners’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 18.08.2021);

Bank of Russia Ordinance No. 5859-U, dated 15 July 2021, ‘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; posted on the Bank of Russia website on 18.08.2021);

Bank of Russia Ordinance No. 5860-U, dated 15 July 2021, ‘On Amending Clauses 2 and 4 of Bank of Russia Ordinance No. 4937-U, Dated 17 October 2018, ‘On the Procedure for Non-bank Financial Institutions to Submit to the Authorised Body Information in Accordance with Articles 7 and 75 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 provisions for which other effective period is established; posted on the Bank of Russia website on 24.08.2021);

Bank of Russia Ordinance No. 5881‑U, dated 9 August 2021, ‘On Amending 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 17.08.2021);

Bank of Russia Ordinance No. 5898‑U, dated 23 August 2021, ‘On the Non-application of Resolution of the Federal Securities Market Commission No. 44, Dated 5 November 1998, ‘On Preventing the Conflict of Interest in the Course of the Professional Activities in the Securities Market’ (becomes effective on 1 April 2022; posted on the Bank of Russia website on 24.08.2021);

Bank of Russia Information Letter No. IN-015-59/63, dated 16 August 2021, ‘On Applying Federal Law No. 192-FZ, Dated 11 June 2021, ‘On Amending Certain Laws of the Russian Federation’;

Bank of Russia Information Letter No. IN-015-38/64, dated 17 August 2021, ‘On Factoring in Climate-related Risks in the Activities of Certain Financial Market Participants’;

Bank of Russia Information Letter No. IN-012-17/65, dated 18 August 2021, ‘On Recommendations for Chief Accountant, Deputy Chief Accountant of a Credit Institution and Non-bank Financial Institution Concerning the Fundamental Principles of Professional Activity, Specifics of Their Application, and Responsibility’.

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