On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 1 (1835) of 12 January 2017 has been released.

The issue publishes information of the state corporation Deposit Insurance Agency for the depositors of CB International Development Bank (JSC), PJSC IDEA Bank, JSCB MIP (JSC), JSC FORUS Bank.

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD‑4833, dated 28 December 2016, on limiting the insurance licence of the limited liability company Insurance Company VTB Insurance.

The issue publishes consolidated data on financial market sectors and information notices by the Bank of Russia.

The section Official Documents contains the following materials:

Bank of Russia Ordinance No. 4186-U, dated 11 November 2016, ‘On the Procedure for Maintaining the Register of Insurers’ Associations, Including on the Timeframes for Entering Information on Insurers’ Associations (Changes to Such Information), on the List of Documents Serving the Basis for Entering Such Information (Changes to Information) to the Register of Insurers’ Associations, and on the Procedure to Submit This Information to the Bank of Russia by the Insurers’ Association’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 30 December 2016);

Bank of Russia Ordinance No. 4202-U, dated 17 November 2016, ‘On Amending Bank of Russia Regulation No. 505-P, Dated 18 November 2015, ‘Sectoral Standard for Accounting Operations Related to Property Trust Management Agreement by Non-bank Financial Organisations’ (becomes effective from 1 January 2017, officially posted on the Bank of Russia website on 29 December 2016);

Bank of Russia Ordinance No. 4206-U, dated 17 November 2016, ‘On Amending Bank of Russia Regulation No. 386-P, Dated 29 August 2012, ‘On the Reorganisation of Credit Institutions through Merger and Acquisition’ (becomes effective 10 days after the official publication, excluding certain clauses of the Ordinance which have other effective dates; officially posted on the Bank of Russia website on 28 December 2016);

Bank of Russia Ordinance No. 4207-U, dated 21 November 2016, ‘On Amending Bank of Russia Ordinance No. 3935-U, Dated 18 January 2016, ‘On the Procedure for the Bank of Russia to Monitor Insurers’ Activities’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 28 December 2016);

Bank of Russia Ordinance No. 4213-U, dated 24 November 2016, ‘On Amending Bank of Russia Ordinance No. 3921-U, Dated 28 December 2015, ‘On the Content and Volume of Information, and the Procedure and Terms for its Disclosure by Professional Securities Market Participants’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 27 December 2016);

Bank of Russia Ordinance No. 4214-U, dated 24 November 2016, ‘On Amending Clause 1 of Bank of Russia Ordinance No. 3506-U, Dated 24 December 2014, ‘On the List of Expenses Related to the Trust Management of Assets of Joint-stock Investment Funds or Unit Investment Funds’ (becomes effective 10 days after the official publication; officially posted on the Bank of Russia website on 27 December 2016);

Bank of Russia Ordinance No. 4218-U, dated 28 November 2016, ‘On Amending Bank of Russia Regulation No. 492-P, Dated 22 September 2015, ‘Sectoral Standard for Accounting Fixed Assets, Intangibles, Investment Assets, Long-term Assets Held for Sale, Inventories, Means of Labour with Undetermined Designation Received under Agreements on Break-up Compensation or Pledge Agreements, and Assets and (or) Estimated Balances Thereof Received Following Insurer’s (Beneficiary’s) Waiver of the Ownership of Insured Property in Non-bank Financial Institutions’ (becomes effective from 1 January 2017, officially posted on the Bank of Russia website on 29 December 2016);

Bank of Russia Ordinance No. 4219-U, dated 28 November 2016, ‘On Amending Bank of Russia Regulation No. 523-P, Dated 28 December 2015, ‘Sectoral Accounting Standard ‘Procedure for Correcting Accounting Errors and Errors in Accounting (Financial) Statements by Non-bank Financial Institutions’ (becomes effective from 1 January 2017, officially posted on the Bank of Russia website on 29 December 2016);

Bank of Russia Ordinance No. 4220-U, dated 28 November 2016, ‘On Amending Bank of Russia Regulation No. 490-P, Dated 4 September 2015, ‘Sectoral Standard for Accounting Deferred Tax Liabilities and Deferred Tax Assets by Non-bank Financial Institutions’ (becomes effective from 1 January 2017, officially posted on the Bank of Russia website on 29 December 2016);

Bank of Russia Ordinance No. 4221-U, dated 28 November 2016, ‘On Amending Bank of Russia Regulation No. 520-P, Dated 16 December 2015, ‘Sectoral Standard for Accounting Post-accounting Date Events by Non-bank Financial Institutions’ (becomes effective from 1 January 2017, officially posted on the Bank of Russia website on 29 December 2016);

Bank of Russia Ordinance No. 4222-U, dated 28 November 2016, ‘On Amending Bank of Russia Regulation No. 508-P, Dated 3 December 2015, ‘Sectoral Standard for Accounting Reserves — Estimated Liabilities and Contingent Liabilities by Non-bank Financial Institutions’ (becomes effective from 1 January 2017, officially posted on the Bank of Russia website on 29 December 2016);

Bank of Russia Ordinance No. 4223-U, dated 28 November 2016, ‘On Amending Bank of Russia Regulation No. 489-P, Dated 4 September 2015, ‘Sectoral Standard for Staff Compensation Accounting by Non-bank Financial Institutions’ (becomes effective from 1 January 2017, officially posted on the Bank of Russia website on 29 December 2016);

Bank of Russia Board of Directors Decision, dated 23 December 2016, ‘On Approving Credit Ratings and the List of Rating Agencies Used to Regulate Investment Activities by Insurers and Insurers’ Association Engaged in Agricultural Activities with Government Support’;

Bank of Russia Board of Directors Decision, dated 23 December 2016, ‘On Setting the List of Rating Agencies and Credit Ratings to Include Securities in Level I (Top Level) Quotation List’;

Bank of Russia Board of Directors Decision, dated 23 December 2016, ‘On Applying Pre-set Ratings for Assets Used to Calculated Own Funds by Professional Securities Market Participants’;

Bank of Russia Board of Directors Decision, dated 23 December 2016, ‘On Setting the Level of Long-term Creditworthiness Rating to Invest Pension Savings’;

Bank of Russia Board of Directors Decision, dated 23 December 2016, ‘On Setting the Level of Long-term Creditworthiness Rating for Certain Assets Used to Calculate Own Funds of Management Companies of Investment Funds, Units Investment Funds, Non-governmental Pension Funds, and Management Company Licence Applicants’;

Bank of Russia Board of Directors Decision, dated 23 December 2016, ‘On Setting Levels of Long-term Creditworthiness Rating for Certain Assets Used to Calculate Own Funds of a Non-governmental Pension Fund’;

Bank of Russia Information Letter No. IN-015-51/92, dated 29 December 2016, on the use of credit ratings by the Bank of Russia for regulatory purposes;

Bank of Russia Information Letter No. IN-014-12/93, dated 30 December 2016, on the implementation of measures specified by UN Security Council Resolution 2321 (2016) regarding the DPRK;

Bank of Russia Information Letter No. IN-014-12/94, dated 30 December 2016, on FATF Guidance on Correspondent Banking Services.

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

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