On release of Bank of Russia Bulletin

The bulletin reports the Bank of Russia Board of Directors decision, made during its 16 June 2017 meeting, to reduce the key rate to 9.00% and interest rates on some specialised refinancing instruments, effective 19 June, due to the reduction of the Bank of Russia key rate.

The bulletin also informs of the Bank of Russia Board of Directors decisions to approve the level of credit ratings assigned by credit rating agencies for the purposes of Bank of Russia Ordinance No. 3849‑U, dated 16 November 2015; Bank of Russia Ordinance No. 4297‑U, dated 22 February 2017; Bank of Russia Ordinance No. 4298‑U, dated 22 February 2017.

The issue contains the information notice on securities included in the Bank of Russia Lombard List.

The section Credit Institutions presents a review of key indicators of the domestic foreign exchange market in April 2017, alongside information on credit institutions registered and licensed as of 1 June 2017.

The Bulletin publishes the following Bank of Russia Orders:

No. OD-1611, dated 16 June 2017, on amending Appendix 1 to Bank of Russia Order No. OD-641, dated 14 March 2017;

No. OD-1612, dated 16 June 2017, on amending the Appendix to Bank of Russia Order No. OD-1141, dated 28 April 2017;

No. OD-1613, dated 16 June 2017, on amending Appendix 1 to Bank of Russia Order No. OD-943, dated 10 April 2017;

No. OD-1614, dated 16 June 2017, on amending the Appendix to Bank of Russia Order No. OD-1141, dated 28 April 2017;

No. OD-1620, dated 19 June 2017, on the revocation of the banking licence from the Moscow-based credit institution Joint-stock Company Settlement Non-Banking Credit Organisation Feedback;

No. OD-1621, dated 19 June 2017, on appointing the provisional administration to the Moscow-based credit institution Joint-stock Company Settlement Non-Banking Credit Organisation Feedback, due to the revocation of its banking licence;

No. OD-1622, dated 19 June 2017, on the revocation of the banking licence from the St.|Petersburg-based credit institution Joint-stock Company Nonbank Credit Organisation Service Financial House;

No. OD-1623, dated 19 June 2017, on appointing the provisional administration to the St.|Petersburg-based credit institution Joint-stock Company Nonbank Credit Organisation Service Financial House, due to the revocation of its banking licence;

The bulletin publishes the Deposit Insurance Agency’s information notice for depositors of Ivy Bank Joint Stock Company.

The section Nonbank Financial Institutions contains Bank of Russia Order No. OD-1610, dated 16 June 2017, regarding the appointment of a provisional administration to manage the credit consumer cooperative Delo i Dengi.

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 Ordinance No. 4357-U, dated 24 April 2017, ‘On Amending Bank of Russia Instruction No. 151-I, Dated 24 April 2014, ‘On the Procedure for Conducting Inspections of the Activities of Nonbank Financial Institutions and Self-regulatory Organisations of Nonbank Financial Institutions by Authorised Representatives of the Central Bank of the Russian Federation (Bank of Russia)’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 19 June 2017);

Bank of Russia Ordinance No. 4358-U, dated 24 April 2017, ‘On Invalidating Bank of Russia Instruction No. 158-I, Dated 6 November 2014, ‘On the Procedure for Authorised Representatives of the Central Bank of the Russian Federation (Bank of Russia) to Inspect Credit History Bureaus’ (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 19 June 2017);

Bank of Russia Ordinance No. 4360‑U, dated 25 April 2017, ‘On Amending Bank of Russia Instruction No. 138-I, Dated 4 June 2012, ‘On the Procedure for Submitting Documents and Information Related to Foreign Exchange Transactions to Authorised Banks by Residents and Non-residents, the Procedure for Executing Transaction Specifications, and the Procedure for Registering and Monitoring Foreign Exchange Transactions by Authorised Banks’ (becomes effective 30 days after its official publication);

Bank of Russia Ordinance No. 4373-U, dated 11 May 2017, ‘On the Capital Requirements of Professional Participants of the Securities Market (becomes effective 10 days after its official publication; officially published on the Bank of Russia website on 16 June 2017);

Bank of Russia Ordinance No. 4411-U, dated 16 June 2017, ‘On Interest Rates on Loans Secured by Gold’ (becomes effective the day it is signed and is subject to publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 4412-U, dated 16.06.2017, ‘On Interest Rates on Bank of Russia Overnight Loans’ (becomes effective the day it is signed and subject to publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 4413-U, dated 16 June 2017, ‘On Interest Rates on Bank of Russia Lombard Loans’ (becomes effective the day it is signed and is subject to publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 4414-U, dated 16 June 2017, ‘On Interest Rates on Bank of Russia Deposit Operations’ (becomes effective the day it is signed and is subject to publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 4415-U, dated 16 June 2017, ‘On Interest Rates on Loans Secured by Assets or Guarantees’ (becomes effective the day it is signed and is subject to publication in the Bank of Russia Bulletin);

Bank of Russia Letter of Information No. IN‑014-12/29, dated 15 June 2017, stipulating the procedure for keeping records of failed transactions, bank account (deposit) agreement cancellations, terminations of bank account (deposit) agreements with clients, of which the Bank of Russia shall inform regulated institutions when making determination on the degree (level) of client risk.

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

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