On content, form, procedure and term for self-regulatory organisations in financial market to submit statements to the Bank of Russia

The Bank of Russia issued Ordinance No. 4262-U, dated 13 January 2017, ‘On the Content, Form, Procedure and Term for Self-regulatory Organisations in the Financial Market to Submit Statements to the Bank of Russia’, registered with the Ministry of Justice of the Russian Federation on 21 March 2017, No. 46071 (hereinafter referred to as the Ordinance).

The Ordinance is based on Part 9 of Article 28 of Federal Law 223-FZ, dated 13 July 2015, ‘On Self-regulatory Organisations in the Financial Market’.

The Ordinance establishes:

the content, form, procedure and term for self-regulatory organisations in financial market to submit statements to the Bank of Russia;

the content, form, procedure and term for self-regulatory organisations in financial market to submit statements on the personnel of their management bodies to the Bank of Russia.

The reports shall be submitted to the Bank of Russia in the form of an e-document bearing a enhanced qualified electronic signature (hereinafter referred to as EQES) of a person acting as a head (sole executive body) of a self-regulatory organisation in the financial market.

The Ordinance shall become effective ten days after the official publication.

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

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