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Bank of Russia Bulletin released

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Bank of Russia Bulletin No. 90 (2226) of 18 November 2020 has been released.

The issue presents information about the Bank of Russia Board of Directors’ decision on including securities on the Lombard List.

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

No. OD-1840, dated 12.11.2020, on the termination of activity of the provisional administration to manage the Moscow-based credit institution Public Bank JSC;

No. OD-1846, dated 13.11.2020, on the revocation of a banking licence and on cancelling a professional securities market participant licence from the Moscow-based credit institution ICB JSC;

No. OD-1847, dated 13.11.2020, on appointing the provisional administration to the Moscow-based credit institution ICB JSC due to the revocation of its banking licence.

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD-1852, dated 13.11.2020, on the revocation of insurance licences from Insurance Company VITAL-Polis LLC.

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. 5519‑U, dated 3 August 2020, ‘On Amending Certain Bank of Russia Regulations Following the Publication of Bank of Russia Regulation No. 729-P, Dated 15 July 2020, ‘On the Methodology for Measuring Capital and Required Ratios, Add-ons to Capital Adequacy Ratios, Numerical Values of Required Ratios and Values (Limits) of Open Currency Positions of Banking Groups’ (becomes effective from 1 April 2021; posted on the Bank of Russia website on 11.11.2020);

Bank of Russia Ordinance No. 5520‑U, dated 3 August 2020, ‘On Amending Certain Bank of Russia Regulations Following the Publication of Bank of Russia Regulation No. 729-P, Dated 15 July 2020, ‘On the Methodology for Measuring Capital and Required Ratios, Add-ons to Capital Adequacy Ratios, Numerical Values of Required Ratios and Values (Limits) of Open Currency Positions of Banking Groups’ (becomes effective from 1 April 2021; posted on the Bank of Russia website on 11.11.2020);

Bank of Russia Ordinance No. 5542‑U, dated 10 September 2020, ‘On the List of Bank of Russia Officials Authorised to Compile Administrative Offence Reports’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 13.11.2020);

Bank of Russia Ordinance No. 5545-U, dated 14 September 2020, ‘On Amending Bank of Russia Regulation No. 612‑P, Dated 25 October 2017, ‘On the Procedure for Non-bank Financial Institutions to Record Accounting Items’ (becomes effective from 1 January 2021 except for the provisions for which other effective periods are established; posted on the Bank of Russia website on 16.11.2020);

Bank of Russia Ordinance No. 5568‑U, dated 28 September 2020, ‘On Amending Certain Bank of Russia Regulations Following Changes in the Bank of Russia’s Structure’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 11.11.2020);

Bank of Russia Ordinance No. 5584‑U, dated 5 October 2020, ‘On Amending Bank of Russia Regulation No. 704-P, Dated 4 December 2019, ‘On the Procedure for the Central Bank of the Russian Federation to Administer Certain Types of Budget Revenues’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 13.11.2020);

Bank of Russia Ordinance No. 5585‑U, dated 5 October 2020, ‘On Amending Bank of Russia Ordinance No. 2293‑U, Dated 17 September 2009, ‘On the Procedure to Revoke Banking Licences from Credit Institutions Following the Establishment of Material Inaccuracy of Reporting Data’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 16.11.2020);

Bank of Russia Ordinance No. 5586‑U, dated 5 October 2020, ‘On Amending Bank of Russia Regulation No. 605-P, Dated 2 October 2017, ‘On the Procedure for Credit Institutions to Account Transactions to Place Funds under Loan Agreements, Transactions to Purchase Receivables from Third Parties Related to the Performance of Cash Liabilities, Transactions Related to Liabilities under Bank Guarantees Issued and Funds Provision’ (becomes effective from 1 January 2021; posted on the Bank of Russia website on 16.11.2020);

Bank of Russia and Ministry of Finance Ordinance No. 5589‑U/230n, dated 6 October 2020, ‘On Invalidating Bank of Russia and Ministry of Finance of the Russian Federation Regulation No. 629‑P/12n, Dated 23 January 2018, and Bank of Russia and Ministry of Finance of the Russian Federation Ordinance No. 5329‑U/199n, Dated 25 November 2019’ (becomes effective from 1 January 2021, posted on the Bank of Russia website on 16.11.2020);

Bank of Russia Ordinance No. 5603‑U, dated 27 October 2020, ‘On the Procedure for Credit Institutions to Account the Results of Stock-taking of Fixed Assets, Inventories, Real Estate Temporarily not Used in Operational Activity, Long-term Assets Held for Sale, Means and Objects of Labour of Undetermined Purpose Obtained under Compensation or Pledge Agreements’ (becomes effective from the day of its official publication; posted on the Bank of Russia website on 11.11.2020);

Bank of Russia Ordinance No. 5604-U, dated 27 October 2020, ‘On the  Procedure for Non-bank Financial Institutions to Account the Results of Stock-taking of Fixed Assets, Investment Property, Long-term Assets Held for Sale, Inventories, Means and Objects of Labour of Undetermined Purpose Obtained under Compensation or Pledge Agreements, Assets and (or) Estimated Balances Thereof Received Following Insurer’s (Beneficiary’s) Waiver of the Ownership of Insured Property’ (becomes effective from the day of  its official publication except for the provisions for which other effective periods are established; posted on the Bank of Russia website on 11.11.2020);

Bank of Russia Information Letter No. IN-014-12/158, dated 10 November 2020, ‘On the Extension of Measures of the UN Security Council Regarding Mali’;

The Report on the Annual Monitoring of Insurance Rates Used in Compulsory Insurance of the Carriers’ Third Party Liability for Personal Injury or Damage to the Property of Passengers, on the Rates Feasibility and the Influence of This Type of Insurance on the Development of Businesses in the Transport Sector in 2013–2019.

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Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

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