On the release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 78 (1556) of 3 September 2014 has been released.

The issue provides information on the maximum allotment amount at the credit auction on 8 September 2014 for extending 3-month loans, a decision of the Bank of Russia Board of Directors on clarifying the approaches to add the organisations to the list of organisations mentioned in Sub-Clause 3.6.1 of Clause 3.6 of Bank of Russia Regulation No. 312-P, dated 12 November 2007, “On the Procedure for Extending Bank of Russia Loans to Credit Institutions Secured by Assets or Guarantees”.

The section Credit Institutions covers the following Bank of Russia Orders:

No. OD-2227, dated 26 August 2014, on removing the Moscow-based closed joint-stock company credit institution JSCB RUSSLAVBANK from the register of payment system operators;

No. OD-2241, dated 27 August 2014, on updating provisional administration personnel to manage the Moscow-based credit institution open joint-stock company UNICORBANK;

No. OD-2248, dated 28 August 2014, on revocation of the banking licence from the Makhachkala-based credit institution INNOVATION AND COMMERCIAL BANK MESED, limited liability company;

No. OD-2249, dated 28 August 2014, on appointment of a provisional administration to manage the Makhachkala-based credit institution INNOVATION AND COMMERCIAL BANK MESED, limited liability company, following a revocation of the banking licence;

No. OD-2250, dated 28 August 2014, on revocation of the banking licence from the Moscow-based credit institution COMMERCIAL BANK MBK, limited liability company;

No. OD-2251, dated 28 August 2014, on appointment of a provisional administration to manage the Moscow-based credit institution COMMERCIAL BANK MBK, limited liability company, following a revocation of the banking licence;

No. OD-2252, dated 28 August 2014, on revocation of the banking licence from the Moscow-based credit institution JSCB Online Bank, closed joint-stock company;

No. OD-2253, dated 28 August 2014, on appointment of a provisional administration to manage the Moscow-based credit institution JSCB Online Bank, closed joint-stock company.

The Bulletin publishes information from the state corporation Deposit Insurance Agency for CB Art-Bank, limited liability company, and open joint-stock company JSCB ECOPROMBANK depositors.

The section Non-Credit Financial Institutions published Bank of Russia Order No. OD-2217, dated 25 August 2014, “On Suspending the Licence to Perform Mediation Activity as an Insurance Broker of the Insurance Broker Insurance Mediator, limited liability company.”

The Bulletin presents weekly general data on financial market sectors as well as information notices by the Bank of Russia.

Bank of Russia Bulletin No. 78 publishes the following official documents:

Bank of Russia Ordinance No. 3321-U, dated 14 July 2014, “On the Procedure for Microfinance Organisations to Build Loan Loss Provisions” (effective 10 days after the official publication in the Bank of Russia Bulletin);

Bank of Russia Ordinance No. 3338-U, dated 22 July 2014, “On the Procedure to Conduct Inspections by Bank of Russia Regional Branches on Observing by Credit Institutions the Requirements for Banknote Handling Machines Used to Process Bank of Russia Banknotes for their Subsequent Distribution to the Clients” (effective 10 days after the official publication in the Bank of Russia Bulletin);

Bank of Russia Letter No. 149-T, dated 29 August 2014, “On “Recommendations on the Composition and Structuring of Primary Information on Operation of the Payment System”;

Bank of Russia Letter No. 06-54/6883, dated 26 August 2014, “On Combining the Activities to Manage (Trust Management) the Assets of the Joint-Stock Investment Fund and Trust Management of the Unit Investment Fund with the Activities as a Developer”;

Bank of Russia Letter No. 06-54/6884, dated 26 August 2014, “On the Placement of Pension Savings in Credit Institutions’ Accounts”.

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

03.09.2014 00.00.00