On the release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 88 (1566) of 2 October 2014 has been released.

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

No. OD-2659, dated 30 September 2014, on updating provisional administration personnel of the Moscow-based credit institution OJSC Bank24.ru;

No. OD-2660, dated 30 September 2014, on updating provisional administration personnel of the Moscow-based credit institution OJSC Bank Zapadny;

No. OD-2661, dated 30 September 2014, on updating provisional administration personnel of the Moscow-based credit institution CB SSSB LLC;

No. OD-2662, dated 30 September 2014, on updating provisional administration personnel of the Novosibirsk-based credit institution CJSC SSC.

The section Non-Bank Financial Institutions publishes Bank of Russia Order No. OD-2673, dated 30 September 2014, on suspending the insurance licence of Arkada Insurance Company, limited liability company.

Bank of Russia Bulletin No. 88 publishes the following official documents:

Bank of Russia Ordinance No. 3380-U, dated 12 September 2014, ‘On the Minimum (Standard) Requirements to the Conditions of Voluntary Insurance of Ground Means of Transportation (Excluding Rail Transport) and Voluntary Motor Third Party Liability Insurance’;

Bank of Russia Ordinance No. 3384-U, dated 19 September 2014, ‘On the Limits of Insurance Tariff Base Rates and Ratios, Requirements for the Insurance Tariff Structure, and the Procedure for Their Application by Insurers when Calculating the Insurance Premium for Compulsory Motor Third Party Liability Insurance’ (becomes effective the day the Resolution of the Government of the Russian Federation on recognising invalid Resolution of the Government of the Russian Federation No. 739, dated 8 December 2005, ‘On the Approval of Insurance Tariffs for Compulsory Motor Third Party Liability Insurance, Their Structure and the Procedure for Application by Insurers when Calculating the Insurance Premium’ becomes effective. Insurance tariff ratios indicated in lines 12-12.2 and 80 of the Table of Clause 1 of Annex 2 to this Ordinance shall be applied from 1 January 2015);

Bank of Russia Ordinance No. 3385-U, dated 19 September 2014, ‘On the Requirements to the Agreement on Direct Reimbursement and the Procedure for the Settlements Between the Parties Hereto’ (becomes effective the day the Order of the Ministry of Finance of the Russian Federation on recognising invalid Order of the Ministry of Finance of the Russian Federation No. 6n, dated 23 January 2009, ‘On the Approval of Requirements to the Agreement on Direct Reimbursement, the Procedure for Settlements Between Insurers, and Accounting Specifics for Direct Reimbursement Related Transactions’ becomes effective).

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02.10.2014 00.00.00