On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 38 (1634) of 29 April 2015 has been released.

The issue publishes information on setting long-term credit ratings for the purposes of investing pension savings, and information on recognising Sberbank Payment System as important.

The Bulletin publishes analytical material ‘On the Situation in the Housing Mortgage Lending Market in 2014’.

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

No. OD-856, dated 21 April 2015, on updating the provisional administration personnel of the Makhachkala-based credit institution Dagenergobank LLC;

No. OD-857, dated 21 April 2015, on the termination of activity of the provisional administration of the Surgut-based credit institution CB Surgut Central LLC (the Tyumen Region, Khanty-Mansi Autonomous Area — Yugra);

No. OD-886, dated 24 April 2015, on the revocation of the banking licence from the Moscow-based credit institution JSC Taurus Bank;

No. OD-887, dated 24 April 2015, on the appointment of the provisional administration to manage the Moscow-based credit institution JSC Taurus Bank due to the revocation of its banking licence;

No. OD-888, dated 24 April 2015, on the revocation of the banking licence from the Moscow-based credit institution CB EDINSTVENNIY LLC;

No. OD-889, dated 24 April 2015, on the appointment of the provisional administration to manage the Moscow-based credit institution CB EDINSTVENNIY LLC due to the revocation of its banking licence.

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

No. OD-868, dated 22 April 2015, on suspending the insurance licence of the open joint-stock company Insurance Company MRSK;

No. OD-869, dated 22 April 2015, on the appointment of the provisional administration to the open joint-stock company Insurance Company MRSK;

No. OD-872, dated 22 April 2015, on the revocation of the licence to perform mediation activity as an insurance broker from the closed joint-stock company Insurance Broker Premium FB;

No. OD-875, dated 22 April 2015, on suspending the insurance and reinsurance licences of National Fire-Protection Insurance Company, limited liability company;

No. OD-876, dated 22 April 2015, on the revocation of the insurance and reinsurance licences from Insurance Company SEVERNAYA KAZNA, limited liability company;

No. OD-877, dated 22 April 2015, on the termination of activity of the provisional administration of Insurance Company Promstrakhreserve, limited liability company.

The Bulletin presents weekly general data on financial market sectors, as well as information notices by the Bank of Russia.

Bank of Russia Bulletin No. 38 publishes the following official documents:

Bank of Russia Ordinance No. 3583-U, dated 11 March 2015, ‘On Amending the Annex to Bank of Russia Ordinance No. 3415-U, Dated 7 October 2014, On the Procedure for Calculating Capital by Non-Governmental Pension Funds’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3584-U, dated 11 March 2015, ‘On the Procedure for Submitting to the Pension Fund of the Russian Federation Applications of the Insured Persons for the Transfer (Applications of the Insured Persons for the Early Transfer) to the Pension Fund of the Russian Federation and from the Non-Governmental Pension Fund to Another Non-Governmental Pension Fund, and Notifications of the Transfer’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin);

Bank of Russia Letter No. 015-51/3497, dated 20 April 2015, ‘On the Recommendations for the Assessment of the Remuneration System in Non-Governmental Pension Funds’;

Bank of Russia Letter No. 014-12-4/3561, dated 22 April 2015, ‘On Executing UN Security Council Resolution 2196 (2015) on the CAR’;

Bank of Russia Letter No. 015-53/3677, dated 24 April 2015, ‘On the Requirements for the Insurance Broker on the Guarantees to Meet Obligations in the Forms and Scope Stipulated by Paragraph 6 of Clause 6 of Article 8 of Russian Federation Law No. 4015-1, Dated 27 November 1992, ‘On the Organisation of Insurance Business in the Russian Federation’.

The section Deposit Insurance Agency publishes amendments to the procedure and conditions for placing property contribution of the Russian Federation in the property of the state corporation Deposit Insurance Agency in subordinated liabilities of banks.

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

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