Bank of Russia Bulletin released

Bank of Russia Bulletin No. 34 (2274) of 9 June 2021 has been released.

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

No. OD-1039, dated 04.06.2021, on the revocation of the banking licence and on cancelling professional securities market participant licence of the Moscow-based credit institution RFI BANK JSC;

No. OD-1040, dated 04.06.2021, on appointing the provisional administration to the Moscow-based credit institution RFI BANK JSC due to the revocation of its banking licence;

No. OD-1048, dated 04.06.2021, on amending the Appendix to Bank of Russia Order No. OD-475, dated 26 March 2021;

No. OD-1051, dated 04.06.2021, on amending the Appendix to Bank of Russia Order No. OD-690, dated 16 April 2021;

No. OD-1054, dated 04.06.2021, on amending Appendix 1 to Bank of Russia Order No. OD-619, dated 9 April 2021;

No. OD-1057, dated 04.06.2021, on amending the Appendix to Bank of Russia Order No. OD-360, dated 12 March 2021;

No. OD-1074, dated 07.06.2021, on amending the Appendix to Bank of Russia Order No. OD-979, dated 28 May 2021;

No. OD-1075, dated 07.06.2021, on amending the Appendix to Bank of Russia Order No. OD-981, dated 28 May 2021.

The issue publishes information of the State Corporation Deposit Insurance Agency on the start date of the payment of compensation for deposits, and also the place, time, form and procedure for accepting applications from the depositors of JSC Sauber Bank and IRS-BANK.

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

No. OD-1016, dated 02.06.2021, on the revocation of the insurance licences of the Limited Liability Company Insurance Company Geopolice;

No. OD-1028, dated 03.06.2021, on the revocation of the insurance licences of the Limited Liability Company Insurance Company Credit Europe Life;

No. OD-1037, dated 03.06.2021, on amending the Appendix to Bank of Russia Order No. OD-2175, dated 25 December 2020;

No. OD-1038, dated 03.06.2021, on amending the Appendix to Bank of Russia Order No. OD-1974, dated 30 November 2020;

No. OD-1041, dated 04.06.2021, on the revocation of the insurance licences of Joint-stock Company Insurance Company Renaissance Health;

No. OD-1042, dated 04.06.2021, on the revocation of the insurance and reinsurance licences of the Limited Liability Company Insurance Company Adonis.

The issue presents consolidated data on financial market sectors and information notices.

The Official Documents section publishes the following materials:

Bank of Russia Ordinance No. 5739-U, dated 24 February 2021, ‘On Amending Bank of Russia Ordinance No. 5253-U, Dated 11 September 2019, ‘On Setting the Methodology for Calculating Microfinance Companies’ Capital’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 02.06.2021);

Bank of Russia Ordinance No. 5753-U, dated 24 March 2021, ‘On Amending Bank of Russia Regulation No. 579-P, Dated 27 February 2017, ‘On the Chart of Accounts at Credit Institutions and the Procedure for Using It’ (becomes effective on 1 January 2022; posted on the Bank of Russia website on 07.06.2021);

Bank of Russia Ordinance No. 5757-U, dated 26 March 2021, ‘On the Procedure for Non-bank Financial Institutions to Submit to the Bank of Russia Statements on the Flow of Funds and Other Financial Assets across Accounts (Deposits) with Banks and Other Financial Market Institutions Outside of the Russian Federation’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 01.06.2021);

Bank of Russia Ordinance No. 5774-U, dated 12 April 2021, ‘On Amending Bank of Russia Ordinance No. 4662-U, Dated 25 December 2017’ (becomes effective on 1 April 2022; posted on the Bank of Russia website on 01.06.2021);

Bank of Russia Ordinance No. 5785-U, dated 26 April 2021, ‘On Amending Bank of Russia Instruction No. 176-I, Dated 20 December 2016, ‘On the Procedure for, and Instances of, Bank of Russia Authorised Representatives (Employees) to Examine the Loan Collateral and/or Familiarise Themselves with the Activities of a Credit Institution’s Borrower and/or Collateral Provider’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 07.06.2021).

The Deposit Insurance Agency section provides a summary of the State Corporation Deposit Insurance Agency’s annual report for 2020.

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

09.06.2021 00.00.00