Bank of Russia Bulletin released

Bank of Russia Bulletin No. 41 (2177) of 28 May 2020 has been released.

The Credit Institutions section presents a review of key indicators of domestic foreign cash market in March 2020.

The issue publishes lists of credit institutions complying with the requirements of federal laws and resolutions of the Russian Federation Government as of 1 May 2020.

The Bulletin publishes Bank of Russia Order No. OD-841, dated 27 May 2020, on the cancellation of a banking licence of the Moscow-based credit institution OOO Morgan Stanley Bank.

The Non-bank Financial Institutions section informs about the termination of forced liquidation of NPF Tikhiy Don.

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 Ordinance No. 5425-U, dated 27 March 2020, ‘On Invalidating Bank of Russia Ordinance No. 4704-U, Dated 24 January 2018, ‘On Cases of Non-Applicability of Restrictions for a Management Company of a Closed-end Unit Investment Fund, Units of Which are Intended for Qualified Investors, to Perform Deals to Purchase Property from Owners of Investment Units of This Unit Investment Fund or to Dispose of Property to Such Persons and to Issue Orders to Perform Such Deals’ (becomes effective from 2 May 2020; posted on the Bank of Russia website on 21.05.2020);

Bank of Russia Ordinance No. 5429-U, dated 6 April 2020, ‘On the Procedure for the Bank of Russia to Maintain the List of Payment Application Providers, List of Foreign Providers of Payment Services, List of Information Exchange Operators, and List of Bank Payment Agents Engaged in Payment Aggregator Operations; on the Procedure, Forms, Composition, and Timeframe for Funds Transfer Operators and Payment System Operators to Provide Information for the Maintenance of the Specified Lists’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 19.05.2020);

Bank of Russia Ordinance No. 5430-U, dated 7 April 2020, ‘On Amending Bank of Russia Ordinance No. 2652-U, Dated 24 June 2011, ‘On the Procedure for Submitting and Examining an Application from a Credit Institution Requesting for its Banking Licence to be Cancelled due to its Going out of Business, through Liquidation, Based on the Decision of its Founders (Members)’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 21.05.2020);

Bank of Russia Ordinance No. 5444-U, dated 20 April 2020, ‘On Amending Clauses 2.1 and 2.10 of Bank of Russia Ordinance No. 4129-U, Dated 5 September 2016, ‘On the Composition and Structure of Assets of Joint-stock Investment Funds and Unit Investment Funds’ (becomes effective on the date of its official publication; posted on the Bank of Russia website on 21.05.2020);

Bank of Russia Ordinance No. 5445-U, dated 20 April 2020, ‘On Amending Bank of Russia Regulation No. 580-P, Dated 1 March 2017, ‘On Additional Restrictions on Investing Pension Savings Placed with Non-governmental Pension Funds Providing Mandatory Pension Insurance; on Cases When a Management Company Acting as a Trustee of Pension Savings Is Entitled to Execute Repo Agreements; on Requirements Aimed at Risk Mitigation the Observance Whereof Entitles the Management Company to Execute Derivative Contracts; on Additional Requirements for Credit Institutions Which Servicemen Pension and Housing Savings are Placed with; and on the Additional Requirement for the Management Company to Finance Funded Pension under Pension Savings Trust Management Agreement’ (becomes effective on the date of its official publication; posted on the Bank of Russia website on 21.05.2020);

Bank of Russia Ordinance No. 5451-U, dated 27 April 2020, ‘On Amending Bank of Russia Ordinance No. 3801-U, Dated 17 September 2015, ‘On Recognising Bank Financial Standing as Meeting the Criteria for the Payment of Insurance Premiums at Higher Additional Rates’ (becomes effective on the date of its official publication; posted on the Bank of Russia website on 26.05.2020).

The Deposit Insurance Agency section publishes the decision of the Board of Directors of the State Corporation Deposit Insurance Agency of 27 May 2020.

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