On the release of Bank of Russia Bulletin No. 58 (1536)

Bank of Russia Bulletin No. 58 (1536) of 20 June has been released

The Bulletin covers information about higher adjustment ratios used to update the value of non-market assets accepted as Bank of Russia loan collateral; information on the decision of the Board of Directors of the Bank of Russia to keep the key of the Bank of Russia at 7.50% p.a. as well as information on the parameters of the exchange rate policy of the Bank of Russia.

The following orders of the Bank of Russia are published:

No. OD-1357, dated 11 June 2014, ‘On the Termination of the Activity of Provisional Administration to Manage the Moscow-based Closed Joint-Stock Company Credit Institution C Bank’;

No. OD-1409, dated 16 June 2014, ‘On Updating Provisional Administration Personnel to Manage the Irkutsk-based Open Joint-Stock Company Credit Institution Joint-Stock CB Radian’;

No. OD-1410, dated 16 June 2014, ‘On Updating Provisional Administration Personnel to Manage the Moscow-based CB OGNI MOSKVY LLC’;

No. OD-1411, dated 16 June 2014, ‘On Updating Provisional Administration Personnel to Manage the Moscow-based Credit Institution Open Joint-Stock Company ZAPADNY Bank’;

No. OD-1412, dated 16 June 2014, ‘On the Termination of the Activity of the Provisional Administration to Manage the Moscow-based Credit Institution CB SOVINKOM LLC’.

A notice of the state corporation Deposit Insurance Agency for the investors of the Moscow-based CB Bank BFT LLC is published.

The Bulletin covers weekly statistics for various sectors of the financial market and Bank of Russia information notices.

Bank of Russia Bulletin No. 58 publishes the following official documents:

Bank of Russia Regulation No. 419-P, dated 17 April 2014, ‘Bank of Russia Service Charge in the Payment System of the Bank of Russia’ (effective ten days after its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3229-U, dated 5 April 2014, ‘On Banks Notification Procedure Covering Information about Identification in their Activities of Conditions which Results in Termination of the Bank’s Right to Attract Households’ Funds on Deposits and on the Opening and Keeping of Households’ Bank Accounts’ (effective ten days after its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3237-U, dated 23 April 2014, ‘On Setting the Requirements to Credit Institutions Allocating Pension Savings Funds and Savings for the Military Personnel Housing’ (effective ten days after its official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3254-U, dated 30 April 2014, ‘On Declaring Void the Ordinances of the Bank of Russia No. 2008-U of 13 May 2008, ‘On the Calculation and Informing the Individual Borrowers about the Effective Interest Rate’’ (effective 1 July 2014);

Bank of Russia Ordinance No. 3278-U, dated 11 June 2014, ‘On Declaring Void Bank of Russia Individual Regulations’ (effective ten days after its official publication in the Bank of Russia Bulletin);

Bank of Russia Order No. OD-1346, dated 10 June 2014, ‘On Revocation of the Pension Provision and Pension Insurance Licence of the Non-State Pension Fund SOCIAL FUND’;

Bank of Russia Order No. OD-1347, dated 10 June 2014, ‘On Appointment of Provisional Administration to Manage the Non-State Pension Fund SOCIAL FUND’ since its pension provision and pension insurance licence has been revoked;

Bank of Russia Order No. OD-1355, dated 10 June 2014, ‘On the Revocation of the Insurance Licence of the Everest Insurance Company LLC’;

Bank of Russia Ordinance No. R-462, dated 05 June 2014, ‘On the Distribution of Control and Supervisory Duties over Observance of the Russian Legislation of Self-Regulating Institutions of Consumer Credit Cooperatives, Micro-Financial Organisations, Consumer Credit Cooperatives, Agricultural Credit Consumer Cooperatives, Housing Saving Cooperatives in the Bank of Russia’;

Bank of Russia Letter No. 108-T, dated 10 June 2014, ‘On Organisation of Auction Conditions in Russian Domestic Financial Market in 11-16 June 2014’;

Bank of Russia Letter No. 109-T, dated 11 June 2014, ‘On the Cancellation of Bank of Russia Individual Acts’.

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

20.06.2014 00.00.00