On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 115–116 (1833–1834) of 30 December 2016 has been released.

The issue publishes the calendar for the required reserves averaging periods for 2017.

The section Credit Institutions presents the register of court-appointed managers accredited with the Bank of Russia as receivers for bankrupt credit institutions as of 27 December 2016.

The Bulletin publishes the following Bank of Russia orders:

No. OD-4753, dated 26 December 2016, on terminating by the state corporation Deposit Insurance Agency the functions of the provisional administration of PJSC Krasnodar Regional Investment Bank (Krasnodar);

No. OD-4759, dated 27 December 2016, on the termination of activity of the provisional administration of the Moscow-based credit institution Defence Industrial Bank JSC;

No. OD-4761, dated 27 December 2016, on amending Annex 1 to Bank of Russia Order No. OD-3628, dated 21 October 2016;

No. OD-4764, dated 27 December 2016, on amending the Annex to Bank of Russia Order No. OD-3257, dated 26 September 2016;

No. OD-4765, dated 27 December 2016, on amending the Annex to Bank of Russia Order No. OD-3415, dated 5 October 2016;

No. OD-4837, dated 28 December 2016, on amending the Annex to Bank of Russia Order No. OD-4015, dated 18 November 2016;

No. OD-4838, dated 29 December 2016, on the revocation of the banking licence from the Moscow-based credit institution JSCB Bank Red Gates (JSC);

No. OD-4839, dated 29 December 2016, on the appointment of provisional administration to manage the Moscow-based credit institution JSCB Bank Red Gates (JSC) due to the revocation of its banking licence;

No. OD-4840, dated 29 December 2016, on the revocation of the banking licence from the Moscow-based credit institution LLC CB NCB;

No. OD-4841, dated 29 December 2016, on the appointment of provisional administration to manage the Moscow-based credit institution LLC CB NCB due to the revocation of its banking licence;

No. OD-4883, dated 30 December 2016, on amending the Annex to Bank of Russia Order No. OD-3777, dated 3 November 2016;

No. OD-4884, dated 30 December 2016, on amending the Annex to Bank of Russia Order No. OD-4619, dated 19 December 2016;

No. OD-4885, dated 30 December 2016, on amending the Annex to Bank of Russia Order No. OD-3415, dated 5 October 2016.

The issue provides information by the state corporation Deposit Insurance Agency for the depositors of CB VEGA-BANK Ltd, PJSC M2M Private Bank, and PJSC Tatfondbank.

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

No. OD-4827, dated 28 December 2016, on revocation of the insurance licence of JSC Insurance Company ENI;

No. OD-4830, dated 28 December 2016, on revocation of the licence to perform insurance broker activities of the limited liability company Insurance and Reinsurance Broker Master Service.

The issue provides information by the state corporation Deposit Insurance Agency on the meeting of employees and former employees of NPF 1^st National Pension Fund JSC, and also on the first meeting of the creditors of NPF 1^st National Pension Fund JSC.

The section Money Market Rates publishes information on deposit auction results.

The section Official Documents contains the following materials:

Bank of Russia Ordinance No. 4190-U, dated 14 November 2016, ‘On the Requirements for the Use of Electronic Documents and for the Procedure to Exchange Information Electronically in the Process of Compulsory Third Party Liability Insurance of Vehicle Owners’ (becomes effective from 1 January 2017);

Bank of Russia Ordinance No. 4191-U, dated 14 November 2016, ‘On the Requirements for the Smooth and Uninterrupted Functioning of the Websites of Insurers and the Professional Association of Insurers for the Purpose of Making Compulsory Insurance Agreements in Electronic Form’ (becomes effective from 1 January 2017);

Bank of Russia Ordinance No. 4192-U, dated 14 November 2016, ‘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 from 1 January 2017, excluding certain provisions which have other effective dates according to the Ordinance);

Bank of Russia Ordinance No. 4195-U, dated 15 November 2016, ‘On Amending Clause 1 of Bank of Russia Ordinance No. 3490-U, Dated 16 December 2014, ‘On Amending Bank of Russia Instruction No. 139-I, Dated 3 December 2012, ‘On Banks’ Required Ratios’ (becomes effective from the date of its official publication; officially posted on the Bank of Russia website on 26 December 2016);

Bank of Russia Ordinance No. 4253-U, dated 27 December 2016, ‘On Mandatory Reserve Requirements’ (becomes effective from 1 January 2017; required reserve ratios indicated in sub-clause 1.1 of clause 1 are in effect from the regulation of credit institutions’ required reserves in January 2017);

Bank of Russia Information Letter No. IN-015-54/89, dated 26 December 2016, ‘On the Procedure for Transferring Pension Savings to Finance Funded Pension from a Non-governmental Pension Fund to the Pension Fund of the Russian Federation’;

Information Letter No. IN-01-19/90, dated 26 December 2016, on holding trades in the Russian domestic financial market at the end of December 2016, from 3 to 6 January and on 24 February 2017;

Methodological Recommendations No. 48-MR, dated 26 December 2016, on the generation of initial data by credit institutions to compile reporting forms on deposit operations.

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

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