Bank of Russia sets procedure for licensing foreign bank branches operating in Russia
27 December 2024
News
The regulator’s Ordinance sets the procedure for issuing a banking licence, its form and the rules of accreditation of a foreign bank branch in the Russian Federation, and the list of information to be included in the register.
The regulation becomes effective on 7 January 2025.
The law regulating the admission of foreign bank branches to the Russian market became effective on 1 September 2024.
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