On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 74 (1792) of 17 August 2016 has been released.

The issue publishes information on changes in certain adjustment ratios used to readjust the value of non-marketable assets.

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

No. OD-2606, dated 11 August 2016, on amending Bank of Russia Order No. OD-921, dated 18 March 2016;

No. OD-2607, dated 12 August 2016, on the revocation of the banking licence from the Moscow-based credit institution JSC CB GAZSTROYBANK.

No. OD-2608, dated 12 August 2016, on appointing the provisional administration to the Moscow-based credit institution JSC CB GAZSTROYBANK due to the revocation of its banking licence;

No. OD-2616, dated 12 August 2016, on the revocation of the banking licence from the Tyumen-based credit institution JSC SNCI PRIPOLYARKOM;

No. OD-2622, dated 12 August 2016, on amending Appendix to Bank of Russia Order No. OD-2289, dated 19 July 2016;

No. OD-2623, dated 12 August 2016, on amending Appendix 1 to Bank of Russia Order No. OD-2391, dated 27 July 2016;

No. OD-2624, dated 12 August 2016, on amending Appendix 1 to Bank of Russia Order No. OD-2158, dated 7 July 2016;

The Bulletin provides information by the state corporation Deposit Insurance Agency for depositors of JSC ARXBANK, PJSC Credit-Moscow Bank, LLC CB CREDO FINANCE and JSCB STRATEGY (PJSC).

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

No. OD-2598, dated 11 August 2016, on removal from office the head of the provisional administration, premature termination of the activity and appointment of new provisional administration to the Insurance Company Swiss-Garant LLC;

No. OD-2599, dated 11 August 2016, on limiting of the insurance licence of the JSC Insurance Group UralSib.

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

The section Official Documents publishes the following materials:

Bank of Russia Ordinance No. 4054-U, dated 28 June 2016, ‘On the Procedure for Creating Provisions for Possible Loan Losses by Microfinance Organisations’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 8 August 2016);

Bank of Russia Ordinance No. 4060-U, dated 4 July 2016, ‘On the Requirements for the Organisation of the Risk Management System of a Non-Governmental Pension Fund’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 10 August 2016);

Bank of Russia Ordinance No. 4062-U, dated 4 July 2016, ‘On the Procedure, Contents, Forms and Timeframes for Submitting to the Bank of Russia the Information on Rating Actions by the Credit Rating Agencies’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 5 August 2016).

Bank of Russia Ordinance No. 4054-U, dated 7 July 2016, ‘On the Procedure for Microfinance Organisations Application for Exclusion of Information about It from the State Register of Microfinance Organisations’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 8 August 2016);

Bank of Russia Ordinance No. 4065-U, dated 8 July 2016, ‘On Amending Bank of Russia Regulation No. 385-P, Dated 16 July 2012, ‘On Accounting Rules in Credit Institutions Located in the Russian Federation’ (becomes effective on the date of its official publication, with the exception of the provisions, for which another effective date is set; Sub-clause 1.2, Paragraphs 7-9 and 13-16 of Sub-clause 1.3, Sub-clause 1.4, Paragraph 2 of Sub-clause 1.5, Sub-clause 1.6 of Clause 1 become effective from 1 January 2017; officially published on the Bank of Russia website on 8 August 2016);

Bank of Russia Ordinance No. 4070-U, dated 12 July 2016, ‘On Amending Bank of Russia Instruction No. 151-I, Dated 24 April 2014, ‘On the Procedure for Inspecting Non-bank Financial Institutions’ and Self-Regulatory Organisations of Non-Bank Financial Institutions’ Operations by Authorised Representatives of the Central Bank of Russian Federation (Bank of Russia)’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 10 August 2016);

Bank of Russia Ordinance No. 4102-U, dated 10 August 2016, ‘On Amending Bank of Russia Instruction No. 156-I, Dated 1 September 2014, ‘On the Organisation of Inspection Activities of the Central Bank of Russian Federation (Bank of Russia) in Regard to the Non-bank Financial Institutions and Self-Regulatory Organisations of Non-Bank Financial Institutions’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 10 August 2016);

No. OD-2572, dated 11 August 2016, ‘On Amending Bank of Russia Order No. OD-1054, dated 28 March 2016’;

Bank of Russia information letter No. IN-015-53/60, dated 10 August 2016, ‘On the Insurance Core Principle ‘Corporate Governance’ by International Association of Insurance Supervisors’;

Bank of Russia methodological recommendations No. 25-MR, dated 9 August 2016, for application of the CPSS — IOSCO Document ‘Principles for Financial Market Infrastructures’ with regard to assessing the adequacy of liquid net assets.

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