The draft Bank of Russia Instruction stipulates that for settlement non-bank credit institutions (SNCIs), operations previously conducted in the status of a bank shall be excluded from the calculation of required ratios. Thus, SNCIs will be able to finalise these operations without violating current requirements.
Also, business activities of all SNCIs (to a reasonable extent) will be exempt from the ban on conducting non-core operations.
See PDF here: https://www.cbr.ru/StaticHtml/File/41186/210204-41-1.pdf
This news item was originally published by the Central Bank of the Russian Federation (CBR RU). For more information, see the Source Link.