On release of Bank of Russia Bulletin
Bank of Russia Bulletin No. 32 (1866) of 29 March 2017 has been released.
The issue publishes the decision of the Bank of Russia Board of Directors to cut the key rate to 9.75% p.a. and to reduce interest rates on a number of specialised refinancing instruments from 27 March 2017 following the reduction of the Bank of Russia key rate, as well as information about adjustment ratios and discounts of the Bank of Russia.
The Credit Institutions section publishes information from the DIA for depositors of JSC ANCOR BANK and CB INTERREGIONAL POST BANK LLC.
The Non-bank Financial Institutions section publishes the following documents:
Bank of Russia Order No. OD‑741, dated 23 March 2017, on suspending insurance and reinsurance licences of the Insurance Company Selecta, limited liability company;
Bank of Russia Order No. OD‑742, dated 23 March 2017, on appointing the provisional administration to Insurance Company Selecta, limited liability company;
Information notice about the meeting of creditors of NPF Povolzhsky.
The section Official Documents publishes the following materials:
Bank of Russia Instruction No. 178‑I, dated 28 December 2016, ‘On Establishing Values (Limits) of Open Currency Positions, Methods for their Calculation and Specifics of Supervision over their Compliance by Credit Institutions’ (becomes effective 10 days after its official publication)
Bank of Russia Regulation No. 574‑P, dated 28 December 2016, ‘On the Rules for Compulsory Third Party Liability Insurance of the Owner of a Hazardous Facility Against Damage as a Result of an Accident at Such Hazardous Facility’ (becomes effective on the effective date of the Resolution of the Government of the Russian Federation on invalidating Resolution of the Government of the Russian Federation No. 916, dated 3 November 2011, ‘On Approving Rules for Compulsory Third Party Liability Insurance of the Owner of a Hazardous Facility Against Damage as a Result of an Accident at Such Hazardous Facility’; published on the Bank of Russia website on 22 March 2017);
Bank of Russia Regulation No. 575‑P, dated 30 December 2016, ‘On the Requirements for Risk Management, Rules for Risk Management Arrangement, Clearing Collateral, Placing Property, and Creating Assets of a Central Counterparty, as well as Entities with Which a Central Counterparty is Entitled to Open Trade and Clearing Accounts, and the Method for Determining Allocated Capital of a Central Counterparty’ (becomes effective 10 days after its official publication; published on the Bank of Russia website on 23 March 2017).
Bank of Russia Ordinance No. 4325‑U, dated 24 March 2017, ‘On Interest Rates on Bank of Russia Lombard Loans’ (becomes effective the day it is signed and subject to publication in the Bank of Russia Bulletin);
Bank of Russia Ordinance No. 4326‑U, dated 24 March 2017, ‘On Interest Rates on Loans Secured by Assets or Guarantees’ (becomes effective the day it is signed and subject to publication in the Bank of Russia Bulletin);
Bank of Russia Ordinance No. 4327‑U, dated 24 March 2017, ‘On Interest Rates on Loans Secured by Gold’ (becomes effective the day it is signed and subject to publication in the Bank of Russia Bulletin);
Bank of Russia Ordinance No. 4328‑U, dated 24 March 2017, ‘On Interest Rates on Bank of Russia Deposit Operations’ (becomes effective the day it is signed and subject to publication in the Bank of Russia Bulletin);
Bank of Russia Ordinance No. 4329‑U, dated 24 March 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);
Information Letter No. IN‑01-41/12, dated 23 March 2017, on the specifics of applying Bank of Russia regulations.
The reference to the Press Service is mandatory if you intend to use this material.
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