On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 3 (1721), dated 20 January 2016, has been released.

The section Analytical Materials publishes the review Situation in the Domestic Financial Market in December 2015.

The section Credit Institutions publishes a register of liquidators accredited with the Bank of Russia as receivers of bankrupt credit institutions as of 14 January 2016.

The issue publishes the following Bank of Russia Orders:

No. OD-87, dated 15 January 2016, on the revocation of the banking licence from the Moscow-based credit institution CB ERGOBANK LLC;

No. OD-88, dated 15 January 2016, on the appointment of the provisional administration to manage the Moscow-based credit institution CB ERGOBANK LLC due to the revocation of its banking licence.

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

No. OD-23, dated 14 January 2016, on appointing a provisional administration to Capital City Insurance and Reinsurance Centre, limited liability company;

No. OD-75, dated 14 January 2016, on the revocation of the insurance licence from the insurance company ASKO SKEL Plus, limited liability company;

No. OD-77, dated 14 January 2016, on the revocation of the insurance licence from the insurance company Apogei Med, limited liability company;

No. OD-78, dated 14 January 2016, on the revocation of the insurance licence from the open joint-stock company government-controlled insurance company Podderzhka;

No. OD-79, dated 14 January 2016, on suspending the insurance licence of the Insurance Investment Company, limited liability company;

No. OD-80, dated 14 January 2016, on the revocation of the insurance licence from Russian Insurance Company RODINA, limited liability company;

No. OD-81, dated 14 January 2016, on the revocation of the insurance licence from the insurance company PRIORITY INSURANCE, limited liability company;

No. OD-82, dated 14 January 2016, on the revocation of the insurance licence from the insurance company Russian Alliance, limited liability company;

No. OD-83, dated 14 January 2016, on the revocation of the insurance licence from the joint-stock company Dostoinstvo Life Insurance Company;

No. OD-84, dated 14 January 2016, on the revocation of the insurance licence from Regard Insurance, limited liability company;

No. OD-85, dated 14 January 2016, on resuming validity of the insurance licence of the open joint-stock company Insurance Company Alliance.

The issue publishes an information notice about the completion of transfer of the insurance portfolio from the joint-stock company Insurance Company Opora to Insurance Company RESPECT, 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 materials:

Bank of Russia Ordinance No. 3793-U, dated 13 September 2015, ‘On Minimum (Standard) Requirements for Conditions and Procedure to Provide Medical Insurance as Part of the Voluntary Medical Insurance of Foreign Citizens and Stateless Persons Residing in the Russian Federation for Labour Purposes’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin; insurers are obliged to adjust their activity, including the insurance rules and VMI policy forms to the requirements of this Ordinance within 120 days after it becomes effective);

Bank of Russia Ordinance No. 3805-U, dated 24 September 2015, ‘On the Procedure for Investing Reserve Funds of Credit Consumer Cooperatives’ (becomes effective the day the Order of the Ministry of Finance of the Russian Federation on recognising invalid Order of the Ministry of Finance of the Russian Federation No. 78n, dated 22 July 2010, ‘On Approving the Procedure for Investing Reserve Funds of Credit Consumer Cooperatives’ becomes effective, except for paragraphs 1-3 of Sub-clause 1.3 of Clause 1; paragraphs 1-2 of Sub-clause 1.3 of Clause 1 become effective two years after this Ordinance becomes effective; paragraph 3 of Sub-clause 1.3 of Clause 1 becomes effective from 1 January 2017);

Bank of Russia Ordinance No. 3852-U, dated 18 November 2015, ‘On Amending Bank of Russia Ordinance No. 3482-U, Dated 15 December 2014, ‘On the Form of Register of Non-governmental Pension Fund Creditor Claims’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3858-U, dated 30 November 2015, ‘On Approving the Programme of Qualification Examinations to Certify Individuals in Clearing and Organised Trading’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3859-U, dated 30 November 2015, ‘On the Non-application of Federal Financial Markets Service Order No. 12-18/pz-n, Dated 3 April 2012, ‘On Approving the Programme of Specialised Qualification Examinations for Financial Market Specialists in Organised Trading in the Securities Market (Stock Exchange Activity) and Clearing (Series 2 Examination)’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin).

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