Spagle Force-Federal Law From 10.07.2002 N 86-FZ Russian Federation On Amendments and Additions to the Law of the RSFSR "On the Central Bank of the RSFSR (Bank of Russia)" On April 12, 1995, (In the version of federal laws of 31.07.95) N 120-FZ; of 04.01.96 N 1-FZ; 04.03.98. N 34-FZ C t i am 1. To amend and supplement the RSFSR Law on the Central Bank of the RSFSR (Bank of Russia) (Vedomas of the Congress of People's Deputies of the RSFSR and the Supreme Soviet of the Russian Federation) RSFSR, 1990, N 27, sect. Russian Federation and the Supreme Soviet of the Russian Federation, 1992, No. 1966), in the following wording: " Federal Law O Central Bank of the Russian Federation (Bank of Russia) CHAPTER I. GENERAL PROVISIONS Article 1. The status, tasks, functions, powers and principles of the Central Bank of the Russian Federation (the Bank of Russia) are defined by the Constitution OF THE PRESIDENT OF THE RUSSIAN FEDERATION The central authority of the Bank of Russia is the city of Moscow. Article 2. The authorized capital and other property of the Bank of Russia are federal property. In accordance with the objectives and in accordance with the procedure established by this Federal Law, the Bank of Russia shall exercise the powers to own, use and dispose of property of the Bank of Russia. " The confiscation and encumpling of the Bank of Russia's obligations without the consent of the Bank of Russia are not permitted. The Bank of Russia carries out its expenses at the expense of its own revenues. The Bank of Russia is not registered with the tax authorities. The Bank of Russia is a legal entity. The Bank of Russia has an image of the State Emblem of the Russian Federation and its name. " The state does not meet the obligations of the Bank of Russia, and the Bank of Russia is not responsible for the obligations of the state, if they have not accepted such obligations or otherwise provided by federal laws. Article 3. The Bank's main objectives are: Protection and stability of the ruble, including its purchasing power and foreign exchange rates; development and strengthening of the banking system OF THE PRESIDENT OF THE RUSSIAN FEDERATION The profit receipt is not the goal of the Bank of Russia. Article 4. The Bank of Russia performs the following functions: 1), in cooperation with the Government of the Russian Federation, develops and implements a single state monetary policy aimed at protecting and ensuring the stability of the ruble; 2) the monopoly of issuing cash and arranges their circulation; 3) is the lender of last resort for credit institutions, organizes the refinancing system; 4) sets the rules Russian Federation; 5) establishes the rules for banking, accounting and reporting for the banking system; 6) performs state registration of credit institutions; issues and withdraws licenses of credit institutions and (c) 7) supervises the activities of credit organizations; 8) registers the issuance of securities by credit institutions in accordance with federal laws; 9) by or on behalf of the Government of the Russian Federation All types of banking transactions necessary to fulfill the Bank of Russia's main tasks; 10) carry out foreign exchange regulations, including operations for the purchase and sale of foreign currency; by foreign states; 11) organizes and exercises foreign exchange controls, both directly and through authorized banks, in accordance with the laws of the Russian Federation; 12) takes part in the development OF THE PRESIDENT OF THE RUSSIAN FEDERATION of the Russian Federation; 13), in order to carry out these functions, analyses and forecasts the economic situation of the Russian Federation as a whole and by region, especially monetary, monetary and price (e) Relationship of the proceedings to the work of the Committee; Article 5. The Bank of Russia is accountable to the State Duma of the Federal Assembly of the Russian Federation. The Bank of Russia's accountability to the State Duma means: appointment and dismissal of the State Duma from the position of the President of the Russian Federation by the President of the Bank of Russia; Post and dismissal from the position of the State Duma of the members of the Board of Directors of the Bank of Russia (hereinafter referred to as the Board of Directors); the submission by the Bank of Russia to the State Duma for consideration of the annual report, as well as an audit opinion; State Duma audit firm's definition for The Bank of Russia will hold parliamentary hearings on the activities of the Bank of Russia with the participation of its representatives; reports of the Chairman of the Bank of Russia to the State Duma on the activities of the Bank of Russia once a year, when presenting the annual report and the main directions of the unified state monetary policy. The Bank of Russia, within the limits of the powers granted to it by the Constitution of the Russian Federation and federal laws, is not dependent on its own activities. The federal authorities of the Russian Federation and the local self-government bodies do not have the right to interfere in the activities of the Bank of Russia in the implementation of its legislated functions, to make decisions that are contrary to this Federal Act. " The Bank of Russia shall submit to the State Duma and the President of the Russian Federation information in the manner prescribed by federal laws. In case of interference in its activities, the Bank of Russia informs the State Duma and the President of the Russian Federation about this. " The Bank of Russia has the right to appeal to the courts to declare invalid legal acts of federal bodies of state power, state authorities of the constituent entities of the Russian Federation and local authorities. Article 6. The Bank of Russia, in matters assigned to its competence by this Federal Act and other federal laws, issues regulations that are binding on the federal public authorities and the State authorities of the constituent entities of the Russian Federation. Federation and local authorities, all legal entities and individuals. Bank of Russia regulations may not contradict federal laws. "The Bank of Russia's normative acts come into force from the day of their official publication in the official publication of the Bank of Russia (the" Bank of Russia "), except in the cases established by the Board of Directors. The Bank of Russia regulations do not have retroactive effect. Bank of Russia regulations directly affecting the rights, freedoms or duties of citizens shall be registered with the Ministry of Justice of the Russian Federation in accordance with the procedure established for the registration of federal acts. Ministries and departments. The Bank of Russia's normative acts are sent in full, where necessary, to all registered credit organizations by postal or other communications. The Bank of Russia's normative acts can be appealed in accordance with the procedure established by law. " The draft federal laws, as well as the federal executive regulations concerning the execution of its functions by the Bank of Russia, are directed to the conclusion of the Bank of Russia. Article 7. The Bank of Russia cannot participate in the capital of credit organizations unless otherwise stipulated by federal law. " The Bank of Russia cannot participate in the capital of other organizations if it does not provide for the activities of the Bank of Russia, its agencies, organizations and employees, except in cases prescribed by federal laws. Article 8. The Bank of Russia can participate in the capital and the activities of international organizations engaged in the development of cooperation in monetary, monetary, banking spheres, including between the central banks of foreign states. The Bank of Russia's relations with credit institutions of foreign states are carried out in accordance with the international agreements of the Russian Federation, federal laws, and interbank agreements. Chapter II. CAPITAL BANK RUSSIA Article 9. The Bank of Russia has authorized capital in the amount of $3 billion. -Ruble. Article 10. The Bank of Russia creates reserves and funds of various purposes in the amount necessary to carry out its functions, as well as profit and loss to the revaluation fund for transactions with currency values. The Board of Directors defines the procedure for the creation and use of reserves and funds. Chapter III. OF THE PRESIDENT OF THE RUSSIAN FEDERATION The Bank of Russia's Board of Directors is a collegial body that defines the main directions of activity of the Bank of Russia and provides management and administration of the Bank of Russia. The Board of Directors consists of Chairman of the Bank of Russia and 12 members of the Board of Directors. Members of the Board of Directors are working on a permanent basis in the Bank of Russia. Article 12. The Chairman of the Bank of Russia is appointed by the State Duma for a term of four years by a majority of votes of the total number of deputies. " The President of the Russian Federation shall be represented by the President of the Russian Federation at the latest three months before the expiry of the term of office of the Chairman of the Bank of Russia. In case of early release from the position of Chairman of the Bank of Russia, the President of the Russian Federation shall submit a candidate for this position within two weeks from the date of release. In case of rejection of the proposed candidate for the post of Chairman of the Bank of Russia, the President of the Russian Federation will nominate a new candidate within two weeks. There can be no more than two candidates. The same person cannot hold the office of Chairman of the Bank of Russia for more than three consecutive terms. The State Duma has the right to dismiss the Chairman of the Bank of Russia on the proposal of the President of the Russian Federation. Chairman of the Bank of Russia may be relieved of his post only in the following cases: 1) expired; (2) the impossibility of performance of official duties confirmed by the opinion State Medical Commission; (3) personal resignation; 4) committing a criminal act established by a court ruling that has entered into force; 5) violations of federal laws; that regulate matters related to the activities of the Bank of Russia. Article 13. The members of the Board of Directors are appointed for a term of four years by the State Duma on the proposal of the Chairman of the Bank of Russia, agreed with the President of the Russian Federation. Members of the Board of Directors shall be dismissed from office: upon the expiry of the term of office referred to in this article by the Chairman of the Bank of Russia; until the expiration of the term of office referred to in this article- by the State Duma on the proposal of the Chairman of the Bank of Russia. Article 14. The Chairman of the Board of Directors shall preside over the meetings of the Chairman of the Bank of Russia and, in the case of his absence, the person who is his replacement, from among the members of the Board of Directors. Decisions of the Board of Directors shall be made by a majority of votes of the number of members present of the Board of Directors, with a quorum of seven persons and a mandatory presence of the Chairman of the Bank of Russia or the person whose replacement is present. The minutes of the Board of Directors meeting are signed by the Presidency and a member of the Board of Directors. When the Board of Directors took decisions on monetary policy issues, the members of the Board of Directors who are in the minority shall be placed on the basis of a protocol. The heads of territorial institutions of the Bank of Russia may be invited to participate in the Board of Directors ' meetings. Article 15. The Board of Directors meets at least once a month. The meetings of the Board of Directors shall be appointed by the Chairman of the Bank of Russia, by a person, or at the request of not less than three members of the Board of Directors. Members of the Board of Directors are notified promptly of the appointment of a Board of Directors meeting. Article 16. The Board of Directors carries out the following functions: 1) in cooperation with the Government of the Russian Federation develops and implements the main directions of the unified state monetary policy; 2) Approves the annual report of the Bank of Russia and submits it to the State Duma; 3) considers and approves the cost estimates of the Bank of Russia for the next year no later than 31 December of the previous year, as well as the expenditures incurred, not provided in the estimates; 4) defines the structure of the Bank of Russia; 5) establishes the forms and amounts of remuneration of the Chairman of the Bank of Russia, members of the Board of Directors, the Bank of Russia's Vice-Chairmen and other employees of the Bank of Russia; 6) makes decisions: institutions and organizations of the Bank of Russia; on the establishment of mandatory regulations for credit institutions in accordance with Article 61 of this Federal Law; on the size of the reserve requirements; Bank of Russia interest rates; on setting limits Open market operations; on participation in international organizations; on participation in the capital of organizations providing activities of the Bank of Russia, its agencies, organizations and employees; Real estate to support the activities of the Bank of Russia, its institutions, organizations and employees; on the application of direct quantitative restrictions; on the issue and withdrawal of notes and coins from circulation, about the total volume of cash issuance money; on the procedure for the formation of reserves by credit institutions; 7) introduces to the State Duma proposals to amend the Bank's charter capital; 8) approves the procedure for the work of the Board of Directors; 9) appoints the Chief Auditor of the Bank of Russia; 10) The internal structure of the Bank of Russia, the regulations on branches of the Bank of Russia, the Bank of Russia institutions, the statutes of the Bank of Russia organizations, the procedure for the appointment of heads of units, institutions and organizations of the Bank of Russia; Conditions for admission of foreign capital to the banking system of the Russian Federation The Federation, in accordance with federal laws; 12) performs other functions assigned by this Federal Law to the Board of Directors of the Bank of Russia. Article 17. Members of the Board of Directors may not be deputies of the State Duma and members of the Federation Council, deputies of legislative (representative) bodies of the constituent entities of the Russian Federation, local self-government bodies, and members of the Council of the Russian Federation THE RUSSIAN FEDERATION A member of the Government of the Russian Federation shall be appointed within one month of the appointment of a member of the Board of Directors, after which the newly appointed member of the Board of Directors shall be appointed shall assume the functions of the President. Members of the Board of Directors cannot be members of political parties, hold positions in socio-political and religious organizations. Members of the Board of Directors shall be subject to the restrictions laid down in article 90 of this Federal Law. Article 18. "The Bank of Russia is acting on behalf of the Bank of Russia and presents its interests in relations with the state authorities, credit organizations, foreign organizations and international organizations without a trust." organizations, other institutions and organizations; 2) presides over the Board of Directors. In case of a tie vote, the Bank of Russia's vote is decisive; 3) signs normative acts of the Bank of Russia, decisions of the Board of Directors, minutes of board meetings of the Board of Directors, agreements concluded by the Bank of Russia; " (4) appoints and dismisals the Vice-Presidents of the Bank of Russia, distributes duties among them; 5) signs orders and gives instructions to all employees of the Bank of Russia, its enterprises, agencies and organizations; 6) bears full responsibility The Bank of Russia is implementing the functions of the Bank of Russia in accordance with this Federal Law. CHAPTER IV. OF THE PRESIDENT OF THE RUSSIAN FEDERATION The Bank of Russia is involved in the development of the economic policy of the Government of the Russian Federation. The Chairman of the Bank of Russia, or on his behalf, one of his deputies participates in the meetings of the Government of the Russian Federation. The Minister of Finance of the Russian Federation and the Minister of Economy of the Russian Federation, or on their behalf, one of their deputies participate in the meetings of the Board of Directors with the right of deliberative vote. The Bank of Russia and the Government of the Russian Federation inform each other about the alleged actions of national importance, coordinate their policies and hold regular consultations. The Bank of Russia advises the Ministry of Finance of the Russian Federation on the timing of the issue of government securities and repayment of public debt, taking into account their impact on the state of the banking system and priorities of the united states. State monetary policy. Article 20. In order to improve the monetary system of the Russian Federation, a National Banking Council, consisting of representatives of the Federal Assembly of the Russian Federation, the President of the Russian Federation, is being set up at the Bank of Russia. OF THE PRESIDENT OF THE RUSSIAN FEDERATION The Chairman of the Bank of Russia is the Chairman of the National Banking Council. The National Banking Council consists of two representatives from the Federal Assembly of the Russian Federation, one representative from the President of the Russian Federation and the Government of the Russian Federation, as well as the Minister of Finance OF THE PRESIDENT OF THE RUSSIAN FEDERATION The remaining members of the National Banking Council are appointed by the State Duma on the advice of the Chairman of the Bank of Russia. The number of the National Banking Council does not exceed 15. The meetings of the National Banking Council are held at least once every three months. Article 21. The National Banking Council performs the following functions: considers the concept of improvement of the banking system of the Russian Federation; considers the projects of the main directions of the unified state monetary and credit system. Policy, monetary policy and currency control, provides opinions and analyses the results of their implementation; examines the draft laws and regulations in the field of banking; considers the most important regulatory issues Activities of credit organizations; is involved in the development of the basic principles for the organization of the calculation system in the Russian Federation. Article 22. The Bank of Russia is not entitled to provide loans to the Government of the Russian Federation to finance the budget deficit, to purchase government securities at their primary accommodation, except where this is provided for by the federal government. The federal budget law. The Bank of Russia is not entitled to provide loans to finance budget deficits in the regions of the Russian Federation, local budgets and budgets of state off-budget funds. Article 23. The funds of the federal budget and state off-budget funds are kept in the Bank of Russia unless otherwise provided by federal laws. The Bank of Russia carries out operations with the federal budget and state off-budget funds, with budgets of the constituent entities of the Russian Federation and local budgets, as well as maintenance operations. OF THE PRESIDENT OF THE RUSSIAN FEDERATION The powers of the Bank of Russia for servicing public debt are determined by federal laws. " The Bank of Russia and the Ministry of Finance of the Russian Federation shall, where necessary, conclude agreements on the conduct of these operations on the instructions of the Government of the Russian Federation. Chapter V. REPORTING OF BANK RUSSIA Article 24. The Bank of Russia's reporting period is set from January 1 through December 31. The structure of the Bank of Russia balance is set by the Board of Directors. Article 25. The Bank of Russia submits an annual report to the State Duma no later than May 15, approved by the Board of Directors. The Bank of Russia's annual report includes: 1) a report on the activities of the Bank of Russia, the analysis of the state of the Russian economy, including the analysis of monetary circulation and credit, banking system, currency and payment of money. of the balance of the Russian Federation, as well as a list of activities under the central government monetary policy conducted by the Bank of Russia; (2) annual balance, profit and loss account, profit distribution; 3) order The formation and direction of the use of the reserves and funds of the Bank of Russia; 4) an audit opinion on the annual report of the Bank of Russia. The State Duma sends the annual report of the Bank of Russia to the President of the Russian Federation, as well as to the Government of the Russian Federation. The State Duma considers the annual report of the Bank of Russia to July 1, 2016, which follows the reporting year. As a result of the consideration of the annual report of the Bank of Russia, the State Duma makes a decision. The annual report is published not later than July 15 of the year following the reporting year. The Bank of Russia publishes its balance sheets monthly, the data on monetary circulation, including the dynamics and structure of the money supply, aggregate data on its operations. Article 26. The Bank of Russia has made a profit after transferring it to reserves and funds set by the Board of Directors to the federal budget. It is not allowed to transfer the profit of the reporting year to the federal budget until the Bank of Russia Board of Directors ' annual report is approved. " The Bank of Russia and its institutions shall be exempt from payment of all taxes, duties and other payments on the territory of the Russian Federation in accordance with the laws of the Russian Federation on taxes. Chapter VI: ORGANIZATION OF THE DAY OF NAVIGATION Article 27. The official currency (currency) of the Russian Federation is the ruble. One ruble is made up of 100 kopeks. The introduction of other currency units on the territory of the Russian Federation and the issuance of monetary surrogates are prohibited. Article 28. The official balance between the ruble and gold or other precious metals is not established. Article 29. The mission of cash money, organization of their circulation and withdraws from circulation in the territory of the Russian Federation are carried out exclusively by the Bank of Russia. The banknotes (bank cards) and the Bank of Russia coin are the only legal means of payment in the territory of the Russian Federation. Their forgery and illicit manufacture are punishable by law. Article 30. The notes and coins are unconditional obligations of the Bank of Russia and are provided by all its assets. The Bank of Russia's banknotes and coins are obligatory for acceptance at face value in all types of payments, for deposit into accounts, deposits and for transfer throughout the territory of the Russian Federation. Article 31. Banknotes and coins of the Bank of Russia cannot be declared invalid (no longer valid payments) unless they are set for a long period of exchange for banknotes and coins of the new model. No limits are allowed on amounts or subjects of exchange. In exchange of banknotes and coins of the Bank of Russia for banknotes of the new model, the period of withdrawal of banknotes and coins from circulation may not be less than one year, but does not exceed five years. Article 32. The Bank of Russia exchanges "banknotes" without restrictions in accordance with its rules. Article 33. The Board of Directors decides to issue new banknotes and coins and to remove old ones, approves new banknotes and samples of new banknotes. The new banknotes are published in the media. The decision on these matters is sent to the Government of the Russian Federation on preliminary information. Article 34. In order to organize cash circulation in the territory of the Russian Federation, the Bank of Russia has the following functions: Forecasting and organizing the production, transportation and storage of banknotes and coins, establishment of their reserve funds; set up rules for the storage, transportation and collection of cash for credit institutions; fixing signs of currency capacity to pay and replacing damaged banknotes and coins, as well as by them { \field { \field { \field { \field { \field { \field { \field { \ of credit institutions. Chapter VII. DAY-CREDIT POLICIES Article 35. The main instruments and methods of monetary policy of the Bank of Russia are: 1) interest rates on operations of the Bank of Russia; 2) norms of mandatory reserves deposited in the Bank of Russia (reserve requirements); 3) open market operations; 4) refinancing of banks; 5) currency regulation; 6) set up money growth targets; 7) direct quantitative restrictions. Article 36. The Bank of Russia regulates the total volume of loans issued to them in accordance with the adopted guidelines of the unified state monetary policy. Article 37. The Bank of Russia may impose one or more interest rates on various types of transactions or carry out interest policy without fixing the interest rate. The Bank of Russia's interest rates are the minimum rates on which the Bank of Russia conducts its operations. The Bank of Russia uses a percentage policy to influence market interest rates in order to strengthen the ruble. Article 38. The size of the mandatory reserves as a percentage of the obligations of the credit institution, as well as the procedure for depositing them in the Bank of Russia, shall be fixed by the Board of Directors. The mandatory reserve regulations may not exceed 20 percent of the credit institution's obligations and may be differentiated by different credit institutions. The mandatory reserve requirements cannot be changed by more than five items at a time. The Bank of Russia has the right to recover from the credit institution the amount of unposted funds and a fine in its fixed amount, but no more double rate of refinancing. When the license is revoked, the funds deposited in the Bank of Russia are used to repay the credit institution's obligations to the depositors and depositors. Article 39. Transactions in the open market are understood to be the sale of treasury bills, government bonds and other state securities by the Bank of Russia, short-term transactions with securities with the commission of the reverse transaction. The open market limit is approved by the Board of Directors. Article 40. The refinancing means Bank of Russia lending to banks, including accounting and recounting of promissory notes. The Bank of Russia sets the terms, order and conditions of refinancing. Article 41. The Bank of Russia's currency interventions are understood to be the sale and purchase by the Bank of Russia of foreign currency on the currency market to influence the ruble exchange rate and the aggregate demand and supply of money. Article 42. The Bank of Russia's direct quantitative restrictions are meant to set limits on refinancing banks and credit institutions of individual banking operations. The Bank of Russia has the right to apply direct quantitative restrictions in exceptional cases in order to carry out a single state monetary policy only after consultations with the Government of the Russian Federation. Article 43. The Bank of Russia can set the growth targets of one or more money supply indicators based on the main directions of the single state monetary policy. Article 44. The Bank of Russia submits to the State Duma the main directions of the unified state monetary policy for the coming year. The preliminary draft of the main directions of the unified state monetary policy is submitted to the President of the Russian Federation and the Government of the Russian Federation. The main directions of the unified state monetary policy for the coming year include the following: analysis of the state and forecast of the Russian Federation's economy; parameters and instruments of a single state monetary policy. The State Duma considers the main directions of the unified state monetary policy for the coming year and makes a decision. Chapter VIII. RUSSIA BANK RUSSIA Article 45. The Bank of Russia has the right to carry out the following operations with Russian and foreign lenders, the Government of the Russian Federation, in order to achieve the purposes of this Federal Law: 1) loans for a period of up to one year for securities and other assets, unless otherwise provided by the Federal Budget Act; 2) to buy and sell cheques, simple bills and bills of exchange that generally have Commodity origin with a maturity of not more than six months; 3) buy and sell government securities on the open market; 4) buy and sell bonds, certificates of deposit and other securities with maturity of one year; 5) buy and sell foreign currency, as well as payment documents and foreign currency obligations issued by Russian and foreign credit organizations; 6) to buy, store, sell precious metals and other types of currency values; 7) to conduct settlement, cash and deposit transactions, Storage and management of securities and other values; 8) provide guarantees and surety; 9) carry out transactions with financial instruments used to manage financial risks; 10) open accounts in Russian and foreign credit organizations in the territory of the Russian Federation and foreign states; 11) to issue cheques and notes in any currency; 12) to conduct other banking transactions from one's own The estate, if not prohibited by law. The Bank of Russia is entitled to carry out transactions on a commission basis, except in cases provided for by federal laws. Article 46. The Bank of Russia's loans can be: gold and other precious metals in various forms; foreign currency; promissory note in Russian and foreign currency with maturity of up to six months; government securities. The Board of Directors defines the lists of promissory notes and government securities that are suitable for providing loans to the Bank of Russia. In the cases established by the Board of Directors, security may be other values as well as guarantees and surety. Article 47. The Bank of Russia can carry out banking operations to service representative and executive bodies of state power, local self-government bodies, their institutions and organizations, state extrabudgetary funds, military units, Military personnel of the Bank of Russia, as well as other persons in cases stipulated by federal laws. The Bank of Russia also has the right to serve clients that are not credit organizations in regions where there are no credit institutions. Article 48. The Bank of Russia has no right: 1) to carry out banking transactions with legal entities that do not have a banking licence and individuals, except as provided for in article 47 of this Federal law; 2) to acquire shares (shares) of credit and other organizations, except as provided for in Articles 7 and 8 of this Federal Law; 3) to carry out transactions with real estate, except in cases related to the operation of the Bank of Russia, its enterprises, institutions and organizations; 4) to engage in trade and production activities, except as provided for by this Federal Law; 5) to extend loans granted. An exception may be made by a decision of the Board of Directors. Article 49. The Bank of Russia is responsible in the manner prescribed by federal laws. The Bank of Russia's interests may be represented by the heads of its territorial institutions and other officials of the Bank of Russia, who receive the relevant power of attorney in accordance with the established procedure. CHAPTER IX. INTERNATIONAL AND FOREIGN OPERATIONS Article 50. The Bank of Russia represents the interests of the Russian Federation in relations with the central banks of foreign states, as well as in international banks and other international monetary and financial organizations. Article 51. The Bank of Russia issues permits for the establishment of banks with the participation of foreign capital and branches of foreign banks. in accordance with the procedure established by federal law. The increase in the authorized capital of a credit institution with funds of non-residents is regulated by federal laws. Article 52. The Central Bank of Russia is set to publish the official quotations of foreign currencies against the ruble. Article 53. The Bank of Russia is a body of state currency regulation and currency control and performs this function in accordance with the Law of the Russian Federation " About currency regulation and currency control" and federal laws. Article 54. In order to carry out its functions, the Bank of Russia may open representative offices in foreign countries. CHAPTER X. THE BANKING OF REGULATORY AND OVERSIGHT Article 55. The Bank of Russia is a regulator of banking regulation and supervision of credit institutions. " The Bank of Russia constantly supervises the compliance of credit institutions with banking legislation, Bank of Russia regulations, in particular, the mandatory regulations that they have established. The main purpose of banking regulation and supervision is to maintain the stability of the banking system, protect the interests of depositors and creditors. The Bank of Russia does not interfere in the operational activities of credit organizations, except in cases provided for by federal laws. The Bank of Russia's supervisory and regulatory functions, as set out in this Federal Law, may be carried out directly or through the bank supervision authority. The decision to establish this body shall be taken by the Board of Directors. Article 56. The Bank of Russia sets mandatory rules for banking operations, accounting, accounting, accounting and statistical reporting. In order to exercise its functions, the Bank of Russia, in accordance with the list established by the Board of Directors, has the right to request and receive the necessary information about their activities from the credit institutions, and to seek clarifications on their activities. information received. In order to prepare banking and financial statistics, the Bank of Russia has the right to request and receive the necessary information from the federal executive authorities. The data received from credit organizations for specific transactions shall not be disclosed without the consent of the relevant credit institution, except in cases provided for by federal laws. The Bank of Russia publishes a summary of statistical and analytical information on the banking system of the Russian Federation. The provisions of this article apply to information collected and transmitted by the Bank of Russia on behalf of the Government of the Russian Federation to international organizations. Article 57. The Bank of Russia is not entitled to demand from credit organizations the performance of uncharacteristic functions, including control over the consumption of the consumer (salary) fund of legal entities-clients. Article 58. The Bank of Russia registers credit organizations in the Book of State Registration of Credit Organizations, grants licenses to credit institutions for the implementation of banking operations and revofies them. Article 59. The Bank of Russia has the right, in accordance with federal laws, to bring qualification requirements to the heads of executive bodies, as well as to the chief accountant of the credit institution. Article 60. Acquisition through one or more transactions by a legal entity or a natural person or a group of legal entities, or a group of legal entities that are subsidiary or dependent on More than 5 percent of the share (shares) of the credit institution needs to be notified to the Bank of Russia, and more than 20 percent-the prior approval of the Bank of Russia. The Bank of Russia shall inform the applicant in writing of its decision-consent or waiver no later than 30 days from the receipt of the application. Refusal to be motivated. In case the Bank of Russia does not inform about the decision taken within that period, the transaction of the credit institution's share (shares) is considered permitted. The Bank of Russia may request and receive information about the financial position and business reputation of the participants (shareholders) of the credit institution if they acquire more than 20 percent of the share. (c) Credit organization. The Bank of Russia has the right to refuse to give consent to the sale of more than 20 percent of the share (shares) of the credit institution in determining the unsatisfactory financial position of the acquired shares. The acquisition of the share (shares) of the credit institution with funds from non-residents is regulated by federal laws. Article 61. In order to ensure the sustainability of credit institutions, the Bank of Russia can set mandatory standards: (1) the minimum authorized capital for newly created credit institutions, the minimum amount of its own funds (capital) for active credit organizations; 2) limit of non-monetary part of authorized capital; 3) maximum risk per borrower or group of related borrowers; 4) maximum size large credit risk; 5) maximum risk One creditor (depositor); 6) the liquidity ratio of the credit institution; 7) capital adequacy ratios; 8) the maximum amount of money (deposits) attracted (deposits) of the population; 9) The amount of currency, interest and other risks; 10) the minimum level of reserves to be created for high-risk assets; (11) the use of the bank's own funds for the acquisition of shares (shares) of other legal entities; 12) the maximum size of loans, guarantees, and of surety provided by the bank to its shareholders (shareholders). Article 62. The minimum amount of equity (capital) is fixed as the sum of the authorized capital, the funds of the credit institution and the undistributed profits. The Bank of Russia announces the change of the minimum size of its own funds (capital) not later than three years before its introduction. Article 63. The maximum risk for one borrower or group of related borrowers who are dependent or primary and subsidiary to each other is set as a percentage of the credit institution's own funds. When determining the risk size, account is taken of the credit institution's total credit amount to the borrower or group of related borrowers, as well as the guarantee and surety provided by the credit institution to the borrower or group of related persons. Borrowers. Article 64. The maximum size of major credit risks is set as a percentage of the aggregate value of the major risks and the credit institution's own funds. A major credit risk is the volume of loans, guarantees and surety in favor of one customer in the amount of more than 5 per cent of the credit institution's own funds. The maximum size of major credit risks cannot exceed 25 per cent of the credit institution's own funds. The Bank of Russia has the right to maintain a register of major credit risks of credit institutions. Article 65. The maximum risk per creditor (contributor) of the credit institution is set as the percentage of the amount of the deposit or loan received, the guarantees and surety, the balances of one or the related accounts. the creditors (depositors) and the credit institution's own funds. Article 66. The liquidity of a credit institution is defined as: ratio between its assets and liabilities based on the timing, amounts and types of assets and liabilities and other factors; ratio of its liquid assets (cash funds, demand for demand, short-term securities, other legialized assets) and total assets. Article 67. The capital adequacy ratios are defined as the limit of the total amount of the credit institution's own funds and the amount of its assets weighted by risk level. Article 68. The maximum size of deposits (deposits) of citizens is defined as the limit of the total sum of money deposits (deposits) of citizens and the amount of own funds (capital) of the bank. Article 69. The use of the credit institution's own funds for the acquisition of shares (shares) of other legal entities is established in the form of a percentage ratio of the size of the invested and own funds of the credit institution. The amount of the use of equity for the acquisition of shares (shares) cannot exceed 25 per cent of the credit institution's own funds. Article 70. The Bank of Russia regulates the size and treatment of the open position of credit institutions on monetary, interest and other financial risks. Article 71. The Bank of Russia determines the procedure for forming and the amount of the reserve (funds) of credit institutions for possible losses on loans to cover currency, interest and other financial risks, insurance of deposits of citizens in Russia. federal laws. Article 72. The maximum size of loans, guarantees and surety provided by the bank to its shareholders (shareholders) is determined as a percentage of the bank's own funds. The specified regulation cannot be greater than 20 percent. Article 73. The Bank of Russia establishes methodologies for determining its own assets, assets, liabilities and risk on assets for each of the standards, taking into account international standards and consultations with banks, banking associations and unions. The Bank of Russia has the right to establish differentiated standards and methods of their calculation in types of banks and other credit institutions. The Bank of Russia is officially announced by the Bank of Russia no later than one month before its introduction. Article 74. In order to carry out its functions in the field of banking supervision and regulation, the Bank of Russia carries out inspections of credit institutions and their branches, sends them mandatory regulations to eliminate the violations found in their activities. applies the penalties provided for in this Federal Act to offenders. Checks can be carried out by authorized Board of Directors by representatives of the Bank of Russia and by audit firms. "Representatives of the Bank of Russia Board of Directors have the right to receive and check the accounts and other documents of credit organizations, if necessary, make copies of the relevant documents." The Board of Directors defines the procedures for conducting inspections of credit institutions, including the determination of the duties of credit organizations to assist in conducting inspections. Article 75. In case of violation by the credit institution of federal laws, regulations and regulations of the Bank of Russia, failure to submit information, provision of incomplete or inaccurate information, the Bank of Russia has the right to demand from the credit institution Eliminating the identified violations, seeking a fine of up to one tenth per cent of the minimum authorized capital, or restricting the conduct of individual operations for up to six months. In case of failure to comply with the terms of the Bank of Russia's orders for the elimination of violations, and in the event that these violations or the operations carried out by the credit institution created a real threat to the interests of creditors (depositors), The Bank of Russia has the right: 1) to collect from the credit institution a fine of up to 1 percent of the amount of the authorized capital, but not more than 1 percent of the minimum authorized capital; 2) to require the credit institution: (a) Implementation of financial recovery activities credit organization, including changes to the asset structure; b) to replace the credit organization's managers; in) reorganizing the credit institution; 3), to change the credit institution's mandatory standards for up to six months; 4) to impose a ban on the credit organization of certain banking transactions provided for in the issued licence for up to one year, as well as for opening branches for up to one year; 5) appoint interim administration for credit management 18 months; 6) revoke the banking licence in the manner prescribed by federal laws. Article 76. The Bank of Russia conducts an analysis of the activities of credit institutions in order to identify situations that threaten the legitimate interests of creditors (depositors) and the stability of the banking system as a whole. In the event of such situations, the Bank of Russia is entitled to take the measures provided for in article 75 of this Federal Law, as well as the decision of the Board of Directors to carry out activities for financial rehabilitation of credit institutions. organizations. CHAPTER XI. ENJOYMENT WITH CREDIT ORGANIZATIONS Article 77. The Bank of Russia cooperates with credit organizations, their associations and unions, consults them before the adoption of the most important normative decisions, submits necessary clarifications, considers proposals on issues Banking regulation. Article 78. In order to cooperate with credit institutions, the Bank of Russia has the right to create, with the assistance of representatives of credit organizations, working groups to study certain issues of the banking case. Article 79. The Bank of Russia is not responsible for the obligations of credit institutions, except in cases where the Bank of Russia accepts such obligations, and the credit organizations are not responsible for the obligations of the Bank of Russia, except for the Bank of Russia. Where such liabilities are made by credit organizations. Chapter XII. Organization of the Rights of the Child; The Bank of Russia is the coordinating body for regulating and licensing the organization of settlement, including clearing, systems in the Russian Federation. The Bank of Russia sets rules, forms, deadlines and standards for non-cash payments. The total term of non-cash payments should not exceed two operating days within the constituent entity of the Russian Federation, five operating days within the Russian Federation. Article 81. The Bank of Russia conducts inter-bank settlements through its institutions. Article 82. Foreign currency as a means of payment for non-cash payments for goods and services may be used only in cases prescribed by federal laws. Chapter XIII. PRINCIPLES OF THE BANK OF RUSSIA Article 83. The Bank of Russia forms a single centralized system with a vertical management structure. The Bank of Russia consists of a central office, territorial institutions, settlement centres, computer centers, field offices, educational institutions, and other enterprises, institutions and organizations, including units The security measures necessary to carry out the activities of the Bank of Russia. National banks of the republics are the territorial institutions of the Bank of Russia. Article 84. The Bank of Russia's territorial institutions do not have the status of a legal entity and have no right to make decisions that are normative in nature, as well as to issue guarantees and sureties, vector-borne and other obligations without the permission of the Board of Directors. The Bank of Russia's tasks and functions are defined by the Regulation on the territorial institutions of the Bank of Russia, approved by the Board of Directors. Article 85. According to the decision of the Board of Directors, the territorial institutions of the Bank of Russia may be established in economic areas uniting the territories of several subjects of the Russian Federation. Article 86. The Bank's field offices carry out banking operations in accordance with this Federal Law, other federal laws, and Bank of Russia regulations. The Bank's field institutions are military institutions and are guided in their activities by military statutes, as well as by the Regulation on the Field Institutions of the Bank of Russia, approved by a joint decision of the Bank of Russia and the Ministry OF THE PRESIDENT OF THE RUSSIAN FEDERATION The field facilities are intended for the banking services of military units, institutions and organizations of the Ministry of Defence of the Russian Federation, as well as other State bodies and legal persons providing security OF THE PRESIDENT OF THE RUSSIAN FEDERATION Article 87. The Bank of Russia may be eliminated only on the basis of the relevant federal law. The Bank of Russia's liquidation law determines the use of its property. Chapter XIV. Office of the President of the Russian Federation Conditions of employment, dismissal, remuneration, duties and rights, the system of disciplinary sanctions of employees of the Bank of Russia are determined by the Board of Directors in accordance with federal laws. Article 89. The Board of Directors creates a pension fund for the additional pension provision of employees of the Bank of Russia, as well as organizes life insurance and medical insurance of employees. Article 90. Employees of the Bank of Russia, according to the list of posts approved by the Board of Directors: are not entitled to work concurrently as well as on the basis of the contract (except for teaching and research) ); is not eligible to hold positions in credit and other organizations; is required to notify the Board of Directors in writing within a 10-day period when purchasing shares of credit organizations. Article 91. Employees of the Bank of Russia who hold posts, the list of which has been approved by the Board of Directors, can receive loans for personal needs only in the Bank of Russia. Article 92. Employees of the Bank of Russia have no right to disclose official information about the Bank of Russia activities without the permission of the Board of Directors. CHAPTER XV. BANK of Russia-Article 93. The State Duma of the Russian Federation shall decide on the audit of the Bank of Russia at the latest by November 1, 2016, and defines an audit firm with the experience of not less than 10 years to check the Bank of Russia's annual report and submit an audit opinion. Article 94. The Bank of Russia is obliged under a contract with an audit firm to provide the accounts and information necessary for the conduct of the audit. The audit contract should provide for the amount of information to be transferred to the audit firm, as well as its responsibility to transfer the information received to third parties. The Bank of Russia's audit firm's audit fee is paid at the Bank of Russia's own funds. Article 95. Internal audit of the Bank of Russia is carried out by the service of the chief auditor, directly subordinate to the Chairman of the Bank of Russia. ". C but I am 3. The Bank of Russia's candidacy for consideration by the State Duma shall be made no later than one month from the date of the entry into force of this Federal Law. The Bank of Russia has been appointed as Chairman of the Bank of Russia within a month from the date of its appointment. C t I am 4. Since the date of entry into force of this Federal Act, the Russian Federation Act "On the money system of the Russian Federation" OF THE PRESIDENT OF THE RUSSIAN FEDERATION 2406); Statute of the Central Bank of the RSFSR (Bank of Russia) (Statements of Congress of People's Deputies of the RSFSR and the Supreme Soviet of the RSFSR, 1991, N 29, Art. 1012). C but I am 5. Article 82 of the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)" is introduced on 1 July 1996; part three of article 80 of the Federal Law-within one year from the date of its entry into force. (Part Two is excluded-Federal Law of 04.03.98) N 34-FZ) (Part Three is excluded-Federal Law of 04.03.98) N 34-FZ) For the date of entry into force of the said Federal Law of Credit, Part Three of Article 64 of the Federal Law is enacted as of 1 January 2000, part two of article 69 and Part 2 of article 72-as of 1 January 1996.(Part Three is considered part four of the Federal Law of 31.07.95 g. N 120-FZ President of the Russian Federation B. Yeltsin Moscow, Kremlin April 26, 1995 N 65-FZ