OREANDA-NEWS. September 18, 2015. Bank of Russia Bulletin No. 78 (1674) has been released.

The Bulletin publishes the key rate decisions of the Bank of Russia (BoR) Board of Directors of 11 September 2015 and rates determined for BoR specific refinancing facilities.

The issue presents an analytical survey ‘The Mortgage Loan Market in H1 2015’.

The Bulletin publishes the following BoR Orders:

No. OD-2404, dated 10 September 2015, on termination of the provisional administration at the credit institution Commercial Bank Investitsionny Soyuz (LLC), Moscow;

No. OD-2405, dated 11 September 2015, on revocation of a banking licence from the credit institution Commercial Bank Admiralteisky (LLC), Moscow;

No. OD-2406, dated 11 September 2015, on appointment of a provisional administration to the credit institution Commercial Bank Admiralteisky, Moscow, following revocation of its banking licence.

The issue contains the Deposit Insurance Agency (State Corporation) announcements addressed to depositors of the following credit institutions: Commercial Bank BDB (LLC), AKB EVROMET (PJSC) and RNKO MTB (LLC).

The section ‘Non-credit Financial Institutions’ contains the following BoR Orders:

No. OD-2384, dated 10 September 2015, on suspension of insurance / reinsurance licences issued to Pomoshch Insurance Society (LLC);

No. OD-2390, dated 10 September 2015, on suspension of insurance licences issued to Imperial Insurance Society (LLC);

No. OD-2391, dated 10 September 2015, on suspension of a mutual insurance licence issued to Non-commercial Organisation ‘Yeseya Mutual Insurance Companies’;

No. OD-2392, dated 10 September 2015, on suspension of a reinsurance licence issued to Financial Reinsurance Company (LLC);

No. OD-2393, dated 10 September 2015, on suspension of insurance / reinsurance licences issued to ZHIVA Insurance Company (LLC);

No. OD-2410, dated 11 September 2015, on appointment of a provisional administration to AVRORA-GARANT Insurance Company (LLC);

No. OD-2411, dated 11 September 2015, on appointment of a provisional administration to AMKOpolis Insurance Company (LLC);

No. OD-2431, dated 11 September 2015, on appointment of a provisional administration to PRAKTIKA Insurance Company (LLC).

The issue publishes the Deposit Insurance Agency (State Corporation) announcements about the property auction held for the property of Non-state Pension Fund ‘Professional Independent Pension Fund’ and Non-commercial Organisation ‘Semeiny Non-state Pension Fund’.

The issue also includes consolidated data on the financial market sectors and information notices of the Bank of Russia.

Also, BoR Bulletin No. 78 publishes the following official documents:

BoR Regulation No. 467-P, dated 22 April 2015, ‘On the Procedure for the Bank of Russia’s Accreditation of Foreign Credit Institution Representations and Foreign Nationals Employed by a Foreign Credit Institution Representation; and on the Procedure for Control Over a Foreign Credit Institution Representation’s Operations’ (effective in 10 days following its official publication in Bank of Russia Bulletin);

BoR Regulation No. 484-P, dated 7 August 2015, ‘On Committees for Bank of Russia Employee Conduct Code Compliance / Conflict of Interest Settlement’ (effective in 10 days following its official publication in Bank of Russia Bulletin);

BoR Ordinance No. 3648-U, dated 24 May 2015, ‘On Requirements for Electronic Document and Electronic Information Exchange in Compulsory Motor Insurance Operations’ (effective in 10 days following its official publication in Bank of Russia Bulletin, except for separate paragraphs becoming effective otherwise. Clauses 14, 16, 20 and 25 become effective from 1 January 2016. Clause 17 becomes effective from 1 July 2016);

BoR Ordinance No. 3742-U, dated 28 July 2015, ‘On Amendments to Bank of Russia Ordinance No. 2664-U, dated 11 July 2011, ‘On Banking Services to Individuals Having Current Accounts in BoR Field Institutions’ (effective from 1 January 2016);

BoR Ordinance No. 3789-U, dated 9 September 2015, ‘On Invalidation of BoR regulation (effective in 10 days following its official publication in Bank of Russia Bulletin).