On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 56 (1774) of 16 June 2016 has been released.

The Bulletin publishes decisions of the Bank of Russia Board of Directors on the reduction of the key rate to 10.50% per annum and on the interest rates on Bank of Russia specialised refinancing facilities. It also covers information on the change in the required reserve ratios and on the assessment of Visa payment system.

The issue publishes information of the state corporation Deposit Insurance Agency for the depositors of CB BRT JSC, JSC EuroAxis Bank, LLC Promregionbank.

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

No. OD-1789, dated 7 June 2016, on appointing the provisional administration of the Insurance Company Aktiv, limited liability company;

No. OD-1806, dated 9 June 2016, on suspending licence to perform mediation activity as an insurance broker of the Insurance Broker Ekonomika Stakhovania, limited liability company;

No. OD-1815, dated 9 June 2016, on the revocation of the insurance licence of the Pipeline Transport Insurance Company, limited liability company.

The Bulletin presents weekly general data on financial market sectors, as well as information notices by the Bank of Russia.

The section Official Documents publishes the following:

Bank of Russia Regulation No. 516-P, dated 10 December 2015, ’On the Procedure for the Provisional Administration of a Consumer Credit Cooperative to Control the Activity of a Liquidation Commission in Case of Taking a Decision to Liquidate a Consumer Credit Cooperative within a Period of Activity of the Provisional Administration’’ (becomes effective 10 days after its official publication in the Bank of Russia Bulletin);

Bank of Russia Regulation No. 517-P, dated 10 December 2015, ’On the Procedure for the Provisional Administration of a Microfinance Organisation to Control the Activity of a Liquidation Commission (Liquidator) in Case of Taking a Decision to Liquidate a Microfinance Organisation within a Period of Activity of the Provisional Administration’ (becomes effective 10 days after its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3987-U, dated 1 April 2016, ’On Amending Bank of Russia Regulation No. 454-P, Dated 30 December 2014, ‘On Disclosing Information by Securities Issuers’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 9 June 2016);

Bank of Russia Ordinance No. 4026-U, dated 30 May 2016, ‘On the List of Basic Standards Compulsory for Issue by Self-regulatory Organisations in the Financial Market of Brokers, Dealers, Trustees, Depositories, Registrars and Requirements for their Contents and on the List of Operations (Description of Type of Activity) in the Financial Market Subject to Standardisation, Depending on the Type of Activity of Financial Institutions’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 14 June 2016);

Bank of Russia Ordinance No. 4027-U, dated 30 May 2016, ‘On the List of Basic Standards Compulsory for Issue by Self-regulatory Organisations in the Financial Market of Microfinance Organisations, Consumer Credit Cooperatives and Requirements for their Contents and on the List of Operations (Description of Type of Activity) in the Financial Market Subject to Standardisation, Depending on the Type of Activity of Financial Institutions’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 14 June 2016);

Bank of Russia Ordinance No. 4038-U, dated 10 June 2016, ‘On Required Reserves’ (becomes effective from 1 July 2016; officially published on the Bank of Russia website on 14 June 2016);

Bank of Russia Ordinance No. 4039-U, dated 10 June 2016, ‘On Interest Rates on Bank of Russia Lombard Loans’ (becomes effective from the date of its signing);

Bank of Russia Ordinance No. 4040-U, dated 10 June 2016, ‘On Interest Rates on Loans Secured by Assets or Guarantees’ (becomes effective from the date of its signing);

Bank of Russia Ordinance No. 4041-U, dated 10 June 2016, ‘On Interest Rates on Loans Secured by Gold’ (becomes effective from the date of its signing);

Bank of Russia Ordinance No. 4042-U, dated 10 June 2016, ‘On Interest Rates on Bank of Russia Deposit Operations’ (becomes effective from the date of its signing);

Bank of Russia Ordinance No. 4043-U, dated 10 June 2016, ‘On Interest Rates on Bank of Russia Overnight Loans’ (becomes effective from the date of its signing);

Bank of Russia Letter No. 014-12-1/4406, dated 7 June 2016, ‘On Expediency of Using Approaches Set out in Bank of Russia Letter No. 176-T, Dated 21 December 2012′;

Bank of Russia Letter No. 03-13-3/4548, dated 10 June 2016, ‘On the Bank of Russia List’;

Bank of Russia Information Letter No. IN-04-18/41, dated 14 June 2016, on carry-forward of customer accounts in Belarusian rubles due to denomination in the Republic of Belarus.

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

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