On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 56 (1890) of 10 July 2017 has been released.

The issue presents information about the decisions of the Bank of Russia Board of Directors on setting rating levels, on changing approaches to the Bank of Russia Lombard List and on using credit ratings for the compilation thereof.

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

No. OD-1850, dated 3 July 2017, on the termination of activity of provisional administration to manage the Moscow-based credit institution Trade City Bank JSC;

No. OD-1851, dated 3 July 2017, on amending the Appendix to Bank of Russia Order No. OD-1139, dated 28 April 2017;

No. OD-1856, dated 4 July 2017, on the prolongation of moratorium on meeting creditor claims of the Moscow-based credit institution PJSC MJSB Tempbank;

No. OD-1857, dated 5 July 2017, on the revocation of the banking licence from the Moscow-based credit institution Moscow National Investment Bank Ltd;

No. OD-1858, dated 5 July 2017, on appointing the provisional administration to the Moscow-based credit institution Moscow National Investment Bank Ltd due to the revocation of its banking licence;

No. OD-1891, dated 7 July 2017, on the revocation of the banking licence from the Moscow-based credit institution Legion JSCB;

No. OD-1892, dated 7 July 2017, on appointing the provisional administration to the Moscow-based credit institution Legion JSCB due to the revocation of its banking licence.

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD-1873, dated 6 July 2017, on the revocation of the insurance licence of the joint-stock company Insurance Company Med-Garant.

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

The section Official Documents publishes the following materials:

Bank of Russia Regulation No. 580-P , dated 1 March 2017, ‘On Additional Restrictions on Investing Pension Savings Placed with Non-governmental Pension Funds Providing Mandatory Pension Insurance; on Cases When a Management Company Acting as a Trustee of Pension Savings Is Entitled to Execute Repo Agreements; on Requirements Aimed at Risk Mitigation the Observance Whereof Entitles the Management Company to Execute Derivative Contracts; on Additional Requirements for Credit Institutions Which Servicemen Pension and Housing Savings are Placed with; and on the Additional Requirement for the Management Company to Finance Funded Pension under Pension Savings Trust Management Agreement’ (becomes effective 10 days after the official publication, excluding certain clauses of the document which have other effective dates; published on the Bank of Russia website on 3 July 2017);

Bank of Russia Ordinance No. 4389-U, dated 29 May 2017, ‘On the Non-application of Certain Normative Acts of the Federal Securities Market Commission and Federal Financial Markets Service Setting Requirements for the Format of Documents Submitted in Line with Russian Law on Investment Funds, for Capital Adequacy of a Specialised Depository and Management Company Which Concluded an Agreement with the Pension Fund of the Russian Federation or a Non-governmental Pension Fund, for the Provision of Information on the Activities of the Specialised Depository and Management Company Which Concluded an Agreement with a Non-governmental Pension Fund’ (becomes effective 10 days after the official publication; published on the Bank of Russia website on 7 July 2017);

Bank of Russia Ordinance No. 4393-U, dated 30 May 2017, ‘On Approving the List of Foreign Financial Intermediaries for Qualifying Bonds and Other Debt Obligations as Listed Bonds According to Article 310 of the Tax Code of the Russian Federation’ (becomes effective 10 days after the official publication; published on the Bank of Russia website on 5 July 2017);

Bank of Russia Order No. OD-1733, dated 27 June 2017, ‘On the Delegation of Bank of Russia Regional Branches’ Authorities to Register Securities Issues (Bond Programmes) of Credit Institutions to the Bank of Russia Corporate Affairs Department’;

Bank of Russia Informational Letter No. IN-06-28/33, dated 27 June 2017, on the delegation of Bank of Russia regional branches’ authorities to register securities issues (bond programmes) of credit institutions to the Bank of Russia Corporate Affairs Department.

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