Bank of Russia Bulletin released

Bank of Russia Bulletin No. 57 (2193) of 29 July 2020 has been released.

The issue presents information about the Bank of Russia Board of Director’s decisions on reducing the key rate by 25 bp to 4.25% p.a. and on including securities on the Lombard List.

The Cash Circulation section contains data on counterfeit banknotes and coins detected in the Russian banking system in 2020 Q2.

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

No. OD-1174, dated 24 July 2020, on the revocation of a banking licence from the Moscow-based credit institution Public Bank JSC;

No. OD-1175, dated 24 July 2020, on the appointment of the provisional administration to manage the Moscow-based credit institution Public Bank JSC due to the revocation of its banking licence;

No. OD-1176, dated 24 July 2020, on the revocation of a banking licence from the Saint Petersburg-based credit institution NCI Bank LLC;

No. OD-1177, dated 24 July 2020, on the appointment of the provisional administration to manage the Saint Petersburg-based credit institution NCI Bank LLC due to the revocation of its banking licence;

No. OD-1178, dated 24 July 2020, on the cancellation of a banking licence of the Abakan-based credit institution LC CBCA;

No. OD-1179, dated 24 July 2020, on the cancellation of a banking licence of the Moscow-based credit institution JSCB Resource-trust;

No. OD-1181, dated 24 July 2020, on amending the Appendix to Bank of Russia Order No. OD-1083, dated 14 July 2020;

No. OD-1195, dated 27 July 2020, on extending the validity of the provisional administration to manage the Sevastopol-based bank SM BANK JSC.

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD-1144, dated 22 July 2020, on the revocation of insurance licences from General Insurance Company Limited PLATEAU.

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 Regulation No. 721-P, dated 15 June 2020, ‘On the Procedure for Insurers to Account Life Insurance Contracts and Life Reinsurance Contracts’ (becomes effective on 1 January 2023; posted on the Bank of Russia website on 22.07.2020);

Bank of Russia Ordinance No. 5478-U, dated 17 June 2020, ‘On Amending Clause 1 of Bank of Russia Ordinance No. 4300-U, Dated 27 February 2017, ‘On the List of Bank of Russia Officials Authorised to Compile Administrative Offence Reports’ (becomes effective 10 days after its official publication, except an individual clause for which another effective date is stipulated; posted on the Bank of Russia website on 23.07.2020);

Bank of Russia Ordinance No. 5484-U, dated 22 June 2020, ‘On Amending Bank of Russia Ordinance No. 4973-U, Dated 26 November 2018, ‘On the Procedure for the Bank of Russia to Submit Requests and Receive Information from Federal Postal Service Organisations on Postal Funds Transfers’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 27.07.2020);

Bank of Russia Order No. OD-1151, dated 23 July 2020, ‘On the Allocation of Duties to Control and Supervise Compliance with the Russian Legislation by Collective Investment Market Entities, Professional Securities Market Participants, the Central Depository, Clearing Houses, Central Counterparties, Exchanges, Repositories, Financial Market Operators, Credit Rating Agencies, Price Centres, as well as Financial Market Self-regulatory Organisations Comprising Collective Investment Market Entities and Professional Securities Market Participants, and on Cancelling Individual Bank of Russia Orders’;

Bank of Russia Order No. OD-1205, dated 27 July 2020, ‘On Striking off Information from the Register of Payment System Operators about the Moscow-based Credit Institution Joint-stock Company Public Bank (Public Bank (JSC))’;

Bank of Russia Information Letter No. IN‑014‑12/114, dated 27 July 2020 ‘On the Wolfsberg Group Questionnaire’;

Bank of Russia Information Letter No. IN‑015-53/115, dated 27 July 2020 ‘On the Procedure for Calculating Insurance Reserves’.

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

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