Bank of Russia Bulletin released

Bank of Russia Bulletin No. 85 (2221) of 28 October 2020 has been released.

The Cash Circulation section publishes data on the structure of cash in circulation as of 1 October 2020 and on counterfeit money revealed in the Russian banking system in 2020 Q3.

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

No. OD-1708, dated 22.10.2020, on amending Appendix 1 to Bank of Russia Order No. OD-1584, dated 2 October 2020;

No. OD-1713, dated 23.10.2020, on the revocation of the banking licence from the Moscow-based credit institution JSRCB Rosbusinessbank (PJSC);

No. OD-1714, dated 23.10.2020, on appointing the provisional administration to the Moscow-based credit institution JSRCB Rosbusinessbank (PJSC) due to the revocation of its banking licence.

The issue publishes information of the DIA on the start date of payment of compensation on deposits, and also place, time, form and procedure for accepting applications from the depositors of LLC Bank Mayskiy and Bank Prohladnyj LLC regarding the compensation payments.

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

The Official Documents section publishes the following materials:

Bank of Russia Ordinance No. 5475-U, dated 11 June 2020, ‘On Amending Bank of Russia Regulation No. 621-P, Dated 25 December 2017’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 21.10.2020);

Bank of Russia Ordinance No. 5486-U, dated 23 June 2020, ‘On the Procedure for Non-bank Financial Institutions to Submit to the Bank of Russia Statements on Cash Flows across Accounts (Deposits) at Banks and Other Financial Market Institutions Outside of the Russian Federation’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 22.10.2020);

Bank of Russia Ordinance No. 5533-U, dated 17 August 2020, ‘On Amending Certain Bank of Russia Regulations on Accounting and Accounting (Financial) Statements by Non-bank Financial Institutions, Following the Implementation of IFRS 9 Financial Instruments’ (becomes effective from 31 December 2020; posted on the Bank of Russia website on 19.10.2020);

Bank of Russia Ordinance No. 5544-U, dated 14 September 2020, ‘On Amending Bank of Russia Regulation No. 635-P, Dated 22 March 2018, ‘On the Procedure for Non-bank Financial Institutions to Account Lease Agreements’ (becomes effective from 1 January 2022 except for the provisions for which other effective periods are established; posted on the Bank of Russia website on 21.10.2020);

Bank of Russia Ordinance No. 5546-U, dated 14 September 2020, ‘On Amending Bank of Russia Regulation No. 448-P, Dated 22 December 2014, ‘On Credit Institutions’ Accounting of Fixed Assets, Intangible Assets, Real Estate Temporarily Unused in Operational Activity, Long-term Assets Held for Sale, Inventories, Means and Objects of Labour of Undetermined Purpose Obtained under Compensation or Pledge Agreements’ (becomes effective from 1 January 2021; posted on the Bank of Russia website on 21.10.2020);

Bank of Russia Ordinance No. 5547-U, dated 14 September 2020, ‘On Amending Bank of Russia Regulation No. 579-P, Dated 27 February 2017, ‘On the Chart of Accounts at Credit Institutions and the Procedure for Using It’ (becomes effective from 1 January 2021; posted on the Bank of Russia website on 21.10.2020);

Bank of Russia Ordinance No. 5549-U, dated 14 September 2020, ‘On Requirements for the Content of Notifications Stipulated by Clause 3 of Part 1 and Part 4 of Article 12 of Federal Law No. 224-FZ, Dated 27 July 2010, ‘On Countering the Misuse of Insider Information and Market Manipulation and Amending Certain Laws of the Russian Federation’, and on the Procedure and Deadlines for Submitting Such Notifications to the Bank of Russia’ (becomes effective from 1 October 2021; posted on the Bank of Russia website on 22.10.2020);

Bank of Russia Ordinance No. 5550-U, dated 14 September 2020, ‘On Invalidating Clause 23 of Annex 4 to Bank of Russia Regulation No. 437-P, Dated 17 October 2014, ‘On Conducting Organised Trading’ (becomes effective from 1 October 2021; posted on the Bank of Russia website on 22.10.2020);

Bank of Russia and Rospotrebnadzor Information Letter No. IN-06-59/148 / No. 02/20986-2020-23, dated 12 October 2020, ‘On Consumers’ Right to Reject Additional Fee-based Services’;

Bank of Russia Information Letter No. IN-06-59/149, dated 15 October 2020, ‘On the Procedure for Considering Appeals Regarding Investments in the Investment Shares of Unit Investment Funds’;

Bank of Russia Information Letter No. IN-06-59/151, dated 19 October 2020, ‘On the Payment for the Inspection, Independent Examination (Assessment) of a Damaged Motor Vehicle under an Agreement on Compulsory Third Party Liability Insurance of Vehicle Owners’.

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28.10.2020 13.10.00