On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 35 (1989) of 28 April 2018 has been released.

The Bulletin reports the Bank of Russia Board of Directors’ decisions of 27 April 2018, to keep the key rate on hold at 7.25% per annum and to keep the interest rates on Bank of Russia specialised refinancing instruments unchanged.

The Analytical Materials section presents the review entitled ‘Situation in the Housing Mortgage Lending Market in 2017’.

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

No. OD-1063, dated 24.04.2018, on terminating the activity of the provisional administration to manage the Moscow-based Commercial Bank Star Alliance, Limited;

No. 1064, dated 24.04.2018, on amending the Appendix to Bank of Russia Order No. OD-893, dated 9 April 2017;

No. OD-1065, dated 24.04.2018, on terminating the activity of the provisional administration to manage the Moscow-based joint-stock company Commercial Bank Solidarnost;

No. OD-1076, dated 25.04.2018, on appointing the limited liability company Fund of Banking Sector Consolidation Asset Management Company to perform the functions of the provisional administration of the Blagoveshchensk-based PJSC Asian-Pacific Bank;

No. OD-1077, dated 26.04.2018, on the revocation of the banking licence of the Makhachkala-based credit institution JSC JSCB ELBIN;

No. OD-1078, dated 26.04.2018, on appointing the provisional administration to the Makhachkala-based credit institution JSC JSCB ELBIN due to the revocation of its banking licence;

No. OD-1079, dated 26.04.2018, on the revocation of the banking licence of the Moscow-based credit institution JSCB New Credit Union (JSC);

No. OD-1080, dated 26.04.2018, on appointing the provisional administration to the Moscow-based credit institution JSCB New Credit Union (JSC) due to the revocation of its banking licence.

The issue publishes information notice of the DIA for the depositors of CB Confidence Bank, LLC.

The Non-bank Financial Institutions section contains the following Bank of Russia orders:

No. OD-1053, dated 23.04.2018, on amending the Appendix to Bank of Russia Order No. OD-984, dated 17.04.2018;

No. OD-1072, dated 25.04.2018, on amending Bank of Russia Order No. OD-377, dated 15.02.2018;

No. OD-1105, dated 27.04.2018, on suspending insurance licences of the Central Insurance Company LLC;

No. OD-1107, dated 27.04.2018, on appointing the provisional administration to Central Insurance Company LLC.

The issue publishes information on holding the meeting of employees and former employees of NPF Povolzhsky in the form of absentee voting; on holding the meeting of the creditors of NPF Povolzhsky; on the termination of forced liquidation of JSC NPF Sberegatelny; and on the results of the disposal of the assets of NPF CCI Fund JSC.

The Official Documents section publishes the following materials:

Bank of Russia Ordinance No. 4695-U, dated 23 January 2018, ‘On the Procedure for the Bank of Russia to Control the Implementation of Solvency Recovery Plan of an Insurance Company and on the Cases when the Bank of Russia Decides to Conduct an On-site Inspection of the Activities of an Insurance Company Based on the Analysis of the Solvency Recovery Plan’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 23.04.2018);

Bank of Russia Ordinance No. 4712-U, dated 31 January 2018, ‘On the Requirements for the Report on Terminating the Activities of a Unit Investment Fund and its Submission Procedure, and Also on the Volume, Timeframe and Form of its Submission to the Bank of Russia’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 24.04.2018);

Bank of Russia Ordinance No. 4713-U, dated 31 January 2018, ‘On the Requirements for the Rules to Determine and Disclose the Estimated Price of an Investment Unit of the Exchange-Traded Unit Investment Fund, Which Rules Are Set Forth in an Agreement Serving the Basis for the Admission of Such Investments Units of the Exchange-Traded Unit Investment Fund to Organised Trading’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 17.04.2018);

Bank of Russia Ordinance No. 4743-U, dated 19 March 2018, ‘On Amending Bank of Russia Ordinance No. 3921-U, Dated 28 December 2015, ‘On the Content and Volume of Information, and the Procedure and Timeframe for is Disclosure by Professional Securities Market Participants’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin; posted on the Bank of Russia website on 17.04.2018);

Bank of Russia Information Letter No. IN-015-47/23, dated 26 April 2018, on application of measures against non-bank financial institutions’.

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