On Amendments And Additions To The Federal Act "on Banks And Banking Activities"

Original Language Title: О внесении изменений и дополнений в Федеральный закон "О банках и банковской деятельности"

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RUSSIAN FEDERATION FEDERAL LAW On introducing amendments and additions to the Federal Law "About banks and banking activities" Adopted by the State Duma on 17 May 2001 Approved by the Federation Council on 6 June 2001 Article 1. To amend the Federal Law "On Banks and Banking Activities" (in the wording of the Federal Law of 3 February 1996 No. 17-FZ) (Statements of Congress People's deputies of the RSFSR and the Supreme Soviet of the RSFSR, 1990, N 27, art. 357; Legislative Assembly of the Russian Federation, 1996, No. 6, art. 492; 1998, N 31, sect. 3829; 1999, N 28, sect. 3469) the following changes and additions: 1. Article 4 should read as follows: " Article 4. Bank Group and Bank Holding The bank group recognizes a non-legal entity of the association of credit organizations, in which one (parent) credit institution directly or indirectly (through a third person) (a) Significant impact on decisions taken by the management bodies of another (other) credit institution (s). A bank holding is not recognized as a legal entity by association of legal entities with the participation of the credit institution (s) in which a legal entity other than a credit institution (parent organization) The bank holding company has an opportunity, directly or indirectly (through a third person), to exert a significant influence on the decisions taken by the credit institution's management bodies (credit organizations). Significant influence in the purposes of this Federal Act is the ability to determine the decisions taken by the legal entity's authorities, the terms of their business, because of their participation in the law authorized capital and/or in accordance with the terms of a contract concluded between legal entities of the banking group and (or) in the bank holding, appoint a single executive body and (or) more than half of the membership of a collective executive body of a legal entity, as well as the possibility of determine the election of more than half of the board of directors (supervisory board) of a legal entity. The bank group's head credit organization, the bank holding's parent organization is obliged to notify the Bank of Russia in accordance with the procedure established, the formation of a banking group and a bank holding. A commercial organization, which, in accordance with this Federal Law, may be recognized as a banking holding company, in order to manage all credit organizations entering the holding company, I have the right to create a management company of the bank holding company. In this case, the managing company of the holding company performs the duties which, in accordance with this Federal Law, are assigned to the head organization of the bank holding. The management company of the bank holding for the purposes of this Federal Law recognizes the economic society, the main activity of which is the management of the activities of credit institutions of the bank holding. The managing company of the bank holding company is not entitled to engage in insurance, banking, production and trade activities. A commercial organization which, in accordance with this Federal Law may be recognized as the head organization of a bank holding company, is obliged to be able to determine the decisions of the managing company of the bank holding company in question, of its founders (participants), including its reorganization and liquidation. ". 2. Article 8 should read as follows: " Article 8. Providing information about the activities of the credit institution, banking group and the bank holding company Credit Organization is obliged to publish on the form and within the time limits set by the Bank of Russia, the following information about their activities: quarterly-balance sheet, profit and loss statement, information about the capital adequacy level, the amount of allowance for doubtful loans and other assets; annual balance sheet and profit and loss statement Audit firm (auditor) on their reliability. The credit organization is obliged, at the request of a natural person or legal entity, to provide it with a copy of the banking licence, copies of other permits issued to it (licences), if the need to obtain the said The documents are provided for by federal laws, as well as the monthly balance sheets for the current year. The credit institution is responsible for the introduction of individuals and legal entities by not providing information or by providing incorrect or incomplete information. by law and other federal laws. The bank group's head credit organization, the bank holding's head organization (the managing company of the bank holding) publishes its consolidated accounting records and consolidated profit reports, and losses in the form, order and date set by the Bank of Russia, after confirming their reliability by the conclusion of the audit firm (auditor). ". 3. In article 11: " The Bank of Russia sets the minimum size of the statutory capital of the newly registered credit institution, the size limit of non-monetary contributions to the statutory capital. the capital of the credit institution, as well as a list of types of property in non-cash form made in payment of the authorized capital. The minimum size of the authorized capital of a credit institution may be fixed according to the type of credit institution. "; of Part 5, the following wording: " cannot be used to form the authorized capital of the credit institution with the borrowed money. In order to assess the funds contributed to the payment of the authorized capital of the credit institution, the Bank of Russia has the right to establish the procedure and criteria for evaluating the financial position of its founders (participants). "; , in part eight, after the word" Acquisition " In addition to the words "and (or) obtaining in trust (hereinafter acquisition)", replace the words "acquisition transaction" with the word "authorized" and replace the word "authorized" by the word "authorized" with the following: " Order Bank of Russia's consent to acquire more than 20 per cent of shares The credit institution and the procedure for notifying the Bank of Russia on the acquisition of more than 5 percent of the shares (shares) of the credit institution are established by federal laws and regulations adopted in accordance with them by the Bank of Russia. " , in part 9, replace the word "acquisition" with the word "acquisition", after the word "competition" with the words " and in cases where the person acquiring the shares (shares) of the credit institution is available the court decisions which have entered into force, which have established the facts of the said by the person of misconduct in bankruptcy, intentional and (or) fictitious bankruptcy, "; to supplement the article with a new part of the tenth reading: " The Bank of Russia refuses to give consent to purchase more than 20 per cent of the shares (shares) of the credit institution, if the court had previously established the guilt of the person acquiring the share of the credit institution, in causing the loss of any credit institution in the performance of his duties as a member of the board of directors (Supervisory Board) of the credit institution, sole of the executive body, its deputy and (or) a member of the collegiate executive body (board, management). "; part one is considered to be part of the eleventh. 4. Chapter I, to be supplemented by Articles 11 to 1 as follows: " Article 11-1. The credit institution's management bodies, together with the general meeting of its founders (participants), are the board of directors (the supervisory board), the sole executive body and the collegiating body The executive body. The current management of the credit institution is carried out by the sole executive body and the collegiating executive body. The Single Executive Body, its deputies, members of the collegiate executive body (hereinafter referred to as the head of the credit institution), the chief accountant of the credit institution, the head of its branch office is not entitled to hold positions in Other organizations that are credit or insurance organizations, professional participants in the securities market, as well as in organizations engaged in leasing activities or being affiliated with credit the organization in which her manager, the Chief Accountant, is working, Head of the branch office. Candidates for the positions of board of directors (supervisory board), head of credit institution, chief accountant, deputy chief accountant of the credit institution, as well as positions of head, deputies the head, the chief accountant, the deputy chief accountant of the branch of the credit institution must meet the qualifications requirements established by federal laws and the Bank's regulations Russia. The credit institution must notify the Bank of Russia in writing of all intended appointments to the post of the head of the credit institution, the chief accountant, the deputy chief accountant of the credit institution, as well as the Bank of Russia. to the post of head, deputy chief, chief accountant, deputy chief accountant of the branch of the credit institution. The notification shall contain the information referred to in article 14, paragraph 8, of this Federal Act. The Bank of Russia shall, within one month from the date of receipt of the notification, consent to the said appointments or shall submit a reasoned refusal in writing on the grounds provided for in article 16 of this Federal Law. The credit institution is obliged to notify the Bank of Russia in writing of the release of the head of the credit institution, the chief accountant, the deputy chief accountant of the credit institution and the head of the credit institution, " the statement said. Deputy Directors, Chief Accountant, Deputy Chief Accountants of the branch of the credit institution, no later than the working day following the day of such decision. The credit institution is obliged to notify the Bank of Russia in writing of the election (release) of a member of the board of directors (supervisory board) within three days from the date of the decision. ". 5. In article 12: Part one after the words "State Registration of Credit Organizations" is supplemented by the words "in the manner prescribed by federal laws and regulations adopted by the Bank of Russia"; Part three is supplemented by the words "and adopted by Bank of Russia regulations". 6. In article 14: subpara. 4 should read: " 4) a business plan approved by the meeting of the founders (participants) of the credit institution, the minutes of the meeting of the founders (participants) containing the approval decisions The credit institution's charter, as well as the appointment of the head of the credit institution and the chief accountant of the credit institution. The procedure for drawing up the business plan of the credit institution and the criteria for its assessment are established by Bank of Russia regulations; "; of subparagraph 7 restated: " 7) documents (according to the list established by the Bank of the Russian Federation). by the Bank of Russia regulations) confirming the sources of origin of funds made by founders-individuals to the authorized capital of the credit institution; "; first indent 8 of the following wording: " 8) candidate questionnaires for the post of the head of the credit institution, Chief accountant, deputy chief accountant of the credit institution, as well as the posts of head, deputy head, chief accountant, deputy chief accountant of the branch of the credit institution. The questionnaires are filled in by these candidates personally and should contain information provided by Bank of Russia regulations, as well as information: "........................................ Article 15, paragraph 7, should be deleted. 8. Article 16 should be amended to read: " Article 16. Grounds for denial of the State registration of a credit institution and the issuance of a licence to perform banking operations Refusal to register a credit institution and issue a licence to the credit institution Bank operations are permitted only on the basis of: 1) the non-conformity of the candidates proposed for the positions of the head of the credit institution, the chief accountant of the credit institution and his deputies, the qualification requirements established by federal laws and The Bank of Russia regulations are adopted in accordance with them. Under the non-conformity of the candidates proposed for these positions, these qualification requirements are understood to include: lack of legal or economic education and management experience by division, other unit a credit institution whose activities are related to banking operations or the absence of two years ' experience of management by such a division; criminal conviction for economic crime; one year prior to the day of the submission Bank of Russia documents for the registration of a credit institution, an administrative offence in the field of trade and finance, established by a legally enforceable ruling of the authority competent to deal with administrative cases " offences; existence within two years prior to the filing of documents for the registration of a credit institution to the Bank of Russia, the facts of the termination of the employment contract (contract) at the initiative of the administration, under article 254, paragraph 2, of the Labour Code OF THE PRESIDENT OF THE RUSSIAN FEDERATION The head of the credit institution, the requirements to replace him as the head of a credit institution in accordance with the procedure provided by the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)"; reputation of these candidates, established by federal by laws and regulations adopted by the Bank of Russia; otherwise established by federal laws; 2) unsatisfactory financial position of the founders of the credit institution or Non-fulfillment of their obligations to the federal budget, budgets of the constituent entities of the Russian Federation and local budgets over the last three years; 3) the lack of conformity of documents filed with the Bank of Russia for state registration credit institution and banking licence operations, requirements of federal laws and regulations adopted by the Bank of Russia; 4) mismatches of the business reputation of candidates for positions of board of directors (supervisory board) qualification In accordance with federal laws and regulations adopted by the Bank of Russia, they have a criminal record for having committed a crime in the sphere of economy. The founder of the credit institution informs the founders of the credit institution in writing and must be motivated. " The refusal of the state registration of a credit institution and the issuance of a license to carry out banking transactions, failure of the Bank of Russia within the prescribed period of time of the relevant decision may be appealed to the arbitration court. A business reputation in accordance with this article refers to an assessment of the professional and other qualities of a person allowing him to hold an appropriate position in the credit institution's management bodies. ". 9. Article 20 should read as follows: " Article 20. The Bank of Russia may revoke the license for banking operations in cases of: 1). Establishing the lack of information on which the licence was issued; (2) delaying the start of banking operations under this license for more than one year from the date on which it was issued; 3) Fact-Finding of the Essential Unreliability of Reporting Data; 4) Delays for more than 15 days of monthly reporting (reporting records); 5) implementation, including one, banking transactions not covered by the said license; 6) of failure to comply with federal laws; "If within one year the measures provided for in the Federal Law" On the Central Bank of the Russian Federation (Bank of Russia) " were repeatedly applied to the credit institution. 7) repeated in one year of guilt Failure to comply with the requirements of the executive documents of the courts, arbitral tribunals of claims for collection of funds from the accounts (from deposits) of clients of the credit institution when there is money in the accounts (in deposits) of these persons; 8) the existence of an application by the provisional administration if, by the end of the period of activity of the said administration, established by the Federal Law "On the insolvency (bankruptcy) of credit institutions", there are reasons for its appointment, provided by the Federal Law. The Bank of Russia is obliged to revoke the license for banking operations in cases of: 1) if the capital adequacy of the credit institution becomes less than 2%. If in the last 12 months preceding the time when the credit institution is required to be revoked by a specified license, the Bank of Russia has modified the method of calculation of the capital adequacy of the credit institution. organizations, for the purposes of this article, the method according to which the capital adequacy of the credit institution reaches the maximum value; 2) if the amount of equity (capital) of the credit institution is lower of the Bank of Russia The date of registration of the credit institution; 3) if the credit institution is not fulfilling the deadline established by the Federal Law "On the insolvency (bankruptcy) of credit organizations", the Bank of Russia's requirement to bring it into compliance The size of the authorized capital and the size of its own funds (capital); (4) if the credit institution is unable to satisfy the creditors ' claims on monetary obligations and (or) discharge the obligation to pay the mandatory payments in within one month of the date on which they were satisfied and/or executed . In this case, the minimum wage must be at least 1,000 times the minimum wage established by federal law. The Bank of Russia revoked the banking license of the Bank of Russia for 15 days. of the said license, reliable information about the existence of grounds for withdrawal of this license from the credit institution. The withdrawal of the licence to carry out banking transactions on other grounds, except for the grounds provided for by this Federal Act, is not permitted. "The decision of the Bank of Russia to revoke the license for banking transactions enters into force on the date of the relevant act of the Bank of Russia and can be appealed within 30 days from the date of publication of the communication," the statement said. Withdrawal of banking license in "The Bank of Russia's Bulletin". The decision of the Bank of Russia to appeal against the decision of the Bank of Russia and the application of measures to ensure the claims against the credit institution does not suspend the decision of the Bank of Russia. The Bank of Russia has issued a comment on the revocation of the license for banking operations in the official publication of the Bank of Russia's "Bulletin of the Bank of Russia" within a week from the date of the relevant decision. After the credit institution has revoked the banking licenses, the credit institution must be liquidated in accordance with the requirements of Article 23-1 of this Federal Law, and if it is declared bankrupt, In accordance with the requirements of the Federal Law "On the insolvency (bankruptcy) of credit organizations". After the credit institution has revoked the banking license of the Bank of Russia: no later than the working day following the day of revocation of the license, shall appoint a temporary administration to the credit institution In accordance with the requirements of the Federal Law "On the insolvency (bankruptcy) of credit organizations"; acts in accordance with article 23-1 of this Federal Law. Since the credit institution has revoked the banking license: 1) is considered as the term of office of the credit institution. The liabilities of the credit institution in foreign currency are taken into account in rubles at the rate of the Bank of Russia acting on the day of withdrawal from the credit institution of the said license; 2) the interest calculation is discontinued, as well as liquidated damages (fines, penalties) and the imposition of other financial (economic) sanctions on the obligations of the credit institution; 3) suspends execution of executive documents issued pursuant to court decisions on property penalties (except of the Executive court decisions on the recovery of salary arrears, payment of awards in respect of authors ' contracts, alimony, and compensation for harm caused to life and health, and moral damage, which have entered into force before the revocation The credit institution of the banking license; 4) is prohibited until the establishment of the liquidation commission (liquidator) or prior to the appointment by the arbitral tribunal of the insolvency representative. the organization and performance of the obligations of the transactions of the credit institution (with the exception of Transactions involving current utility and operating payments of the credit institution, as well as payment of termination benefits and remuneration of persons working under a contract of employment (contract), within the cost estimate agreed with the Bank of Russia or with the authorized representative of the Bank of Russia in case of his appointment). ". 10. Part one of article 23 should be supplemented with the following sentence: " The Bank of Russia has the right to prohibit the reorganization of the credit institution if, as a result of the reorganization, there are grounds for the application of preventive measures The insolvency (bankruptcy) of credit organizations. ". 11. Article 23-1 should read: " Article 23-1. Liquidation of the credit organization on the initiative of the Bank of Russia Bank of Russia within 30 days from the date of publication in the Bank of Russia's "Bulletin of the Bank of Russia" about the revocation of the license for the credit institution. Bank operations are required to apply to the arbitral tribunal to require the liquidation of the credit institution, unless the credit institution has any evidence of insolvency at the time of revocation of the licence (bankruptcy) provided for by the Federal Law on Insolvency Bankruptcy) of credit institutions. " At the same time, the Bank of Russia is obliged to submit to the arbitration court the candidacy of a liquidator in accordance with the requirements of the Federal Law "On bankruptcy of credit institutions" to arbiter in bankruptcy. unless otherwise specified by a federal law. If, at the time of revocation, the credit institution has licenses for banking operations, the insolvency (bankruptcy) provided by the Federal Law "On the insolvency (bankruptcy) of credit institutions" The Bank of Russia has issued an application for recognition of the credit institution's recognition by the Bank of Russia. Bankrupt in the manner prescribed by the Federal Law "On insolvency" "(bankruptcy) of credit organizations". The Arbitration Court is considering the requirement of liquidation of the credit institution in accordance with the rules established by the Code of Arbitration of the Russian Federation. The arbitration court takes a decision on liquidation of the credit institution and appointment of the liquidator from the list of candidates presented to it by the Bank of Russia, unless proof of bankruptcy is proved at the time of revocation of the credit institution Banking operations. From the time the arbitral tribunal issued a decision on liquidation of a credit institution: credit institution's management bodies (including the liquidation commission (liquidator)), if elected (appointed) by the decision of the meeting The founders (participants) of the credit institution are suspended from the administration of their affairs, including by management of their property, and within three days ensure the transfer to the liquidator of the accounting and other documents, the material and the Other values, seals and stamps of the credit institution; details of the credit institution's financial condition cease to be classified as confidential or are commercial secret; the property of the credit institution is removed Organization and other restrictions on the disposition of its assets. No new arrests are made on the property of the credit institution and other restrictions on the disposition of its property are not allowed; all claims against the credit institution may be presented and are only to be satisfied in the process liquidation. In the process of liquidating the credit institution, the liquidator has rights and performs the duties provided for in this article by federal laws and is obliged to act in the interests of its creditors. The founders (participants) of the credit institution and its creditors are entitled to demand compensation from the liquidator for damages caused by its actions (omissions) in violation of the Russian Federation's legislation. The liquidator is sending an announcement to publish the liquidation of the credit institution at the Bank of Russia's "Herald" no later than five working days from the date of its appointment. The declaration should specify: the name and other particulars of the credit institution being liquidated by a decision of the arbitral tribunal; The name of the arbitral tribunal in which the case is pending liquidation of the credit institution; date of the decision by the arbitral tribunal to liquidate the credit institution; period set for presentation of creditor claims (shall not be less than two months from the date of publication) the specified declaration); the postal address where creditors can to present their requirements for a credit organization; information about the liquidator. The credit institution's creditors ' claims are sent to the liquidator at the postal address specified in the published notice of the liquidation of the credit institution at the same time as the documents for which the liquidator is considered decides whether the specified requirements are to be accepted by the established or undetermined requirements. The liquidator reviews the claims of the creditors of the credit institution and takes them into account in the preparation of the interim liquidation balance. The liquidator is obliged to notify the creditor of the credit institution of the results of the review of his claims within a period not exceeding one month from the date of receipt of the claims. Objections resulting from the review by the liquidator of claims by creditors may be declared by the creditor and treated in the manner provided for by the Federal Insolvency (Bankruptcy) Act for the conduct of the contestant procedure production. Claims by creditors of a credit institution under liquidation upon examination by a liquidator may be submitted by a creditor to a court or arbitral tribunal in accordance with the procedure established by law. The liquidator is required to hold the first meeting of creditors of the credit institution under liquidation not later than 60 days from the end of the deadline fixed for the presentation of creditors ' claims. The day and place of the meeting shall be notified to the creditors at least 15 days before the date of the meeting. It is the responsibility of the creditors ' committee to elect a committee of creditors. A collection of creditors and (or) the creditor committee is entitled: to hear a liquidator's report on the progress of liquidation procedures; to consider the interim liquidation balance and liquidation balance; apply to the arbitral tribunal for the removal of the liquidator; to appeal the liquidator's decisions to the arbitral tribunal; consent to transactions involving the disposition of the property of the credit institution, If the property is not sold in public tenders; exercise other powers in accordance with the requirements of this article. The procedure for holding a meeting of creditors and committee meetings, including the election of a creditor committee and a vote, is regulated by the Federal Law on Insolvency (Bankruptcy). After The end of the period established for the submission of claims by the creditors of the credit institution, the liquidator shall draw up an interim liquidation balance, which shall contain information on the composition of the assets of the credit institution being dissolved, the list of the claims of creditors, as well as the outcome of their review. The interim liquidation balance is to be considered at a meeting of creditors and (or) at a meeting of the creditor committee, and after that review, agreement with the Bank of Russia. The satisfaction of the creditors ' claims is carried out in accordance with the order stipulated in Article 64 of the Civil Code of the Russian Federation and the interim liquidation balance, starting from the day of its approval with the Bank of Russia, the exception of the creditors of the fifth queue, which are paid upon the expiration of one month from the date of reconciliation of the said balance with the Bank of Russia. Unless otherwise specified in this article, in cases where the moneys available to the credit institution are insufficient to satisfy claims of creditors, the liquidator shall implement the assets of the credit institution with OF THE PRESIDENT OF THE RUSSIAN FEDERATION The Liquidator makes up and submits to the Bank of Russia for approval the interim liquidation balance and liquidation balance, accounting and statistical reporting of the credit institution in the order and deadlines set by the Bank of Russia. Federal laws and regulations adopted by the Bank of Russia in accordance with them. In the event of default or improper performance by the liquidator, the arbitral tribunal shall have the right: to invalidate transactions concluded or committed by the liquidator in the course of his or her conduct The credit institution of liquidation procedures, on the basis of the civil legislation of the Russian Federation and the Federal Law on Insolvency (bankruptcy); of the Bank of the Russian Federation or of a meeting (committee) of creditors To appoint a new liquidator nominated by the Bank of Russia in accordance with the procedure provided by the Federal Law "On insolvency (bankruptcy)". The liquidation of the credit institution may not exceed 12 months from the day The arbitral tribunal shall decide on the liquidation of the credit institution. The time limit may be extended by the arbitral tribunal on the reasoned request of the liquidator. If, in the course of liquidation proceedings, it is stated that the value of the assets of the credit institution in respect of which the decision to liquidate is insufficient to satisfy the creditors of the credit institution, The liquidator is obliged to send to the arbitration court an application for recognition of the credit institution bankrupt. The report of the liquidation of the credit institution with the application of the liquidation balance is heard at a meeting of creditors or a meeting of the creditors committee and is approved in the manner provided for by the Federal Law " On "The Liquidator is obliged to submit to the Bank of Russia the definition and other documents within ten days from the date on which the liquidation of the credit institution's liquidation is completed." in accordance with the Bank of Russia regulations for incorporation into the Registration of credit organizations for the liquidation of the credit institution. ". 12. In article 42: , add the words ", bank groups and bank holdings"; Part One, as follows: " The credit organization's reporting is subject to an annual audit of the audit OF THE PRESIDENT OF THE RUSSIAN FEDERATION The accounts of the bank groups and the accounting of bank holdings are subject to an annual inspection by an audit organization, which is licensed under the laws of the Russian Federation to carry out inspections of credit institutions and carrying out checks. Audit of credit institutions for at least two years. Licences to conduct audits of credit institutions are issued in accordance with federal laws to audit organizations that have been audited for at least two years. " "to supplement the words, banking groups and bank holdings"; Part Four after the words "credit organization" is supplemented by the words ", banking groups and bank holdings". 13. In article 43: Amend the text as follows: " Article 43. Credit Organization, Reporting Banking Groups and Accountability of Bank holdings "; Part One, as follows: " Credit organization represents Bank of Russia Annual report (including balance sheet and profit and loss statement) after confirmation by the audit organization. If the credit institution is able to exert significant (direct or indirect) effects on the activities of other legal entities (excluding credit organizations), it prepares and submits the report on a consolidated basis in The Bank of Russia "; part three, as follows: " Bank Group Head Credit Organization, Head Organization of Bank Holding " (Managing Holding Company of the Bank Holding) are prepared and submitted to the Bank of Russia for the purpose of supervising the The activity of the credit organizations on a consolidated basis in the order determined by the Bank of Russia, consolidated reporting on the activity of the banking group and consolidated reporting on the activities of the bank holding, each of which includes a consolidated accounting report, consolidated statement of profit and loss, and the calculation of risks on a consolidated basis. "; add the fourth to seventh content: " For purposes compilation, reporting and publication of consolidated reports on The activities of the bank group in the consolidated reporting should include the reporting of other legal entities in respect of which the credit organizations forming part of the banking group can provide substantial (direct or Indirect impact on the activities and decisions taken by the authorities of the said legal entities. For the purposes of compiling, presenting and publishing the consolidated accounts of the activities of a bank holding, the reporting of other entities subject to such reporting should be included in the consolidated accounts. The head organization of the bank holding company (managing company of the bank holding) and (or) credit organizations forming part of the bank holding can exert significant (direct or indirect) influence on decisions taken by the bodies the management of these legal entities. Legal persons for whom the bank group's parent credit institution, the bank holding manager (the managing company of the bank holding), has a significant (direct or indirect) impact for the purposes Consolidated reporting is required to report on its activities. The bank group's head credit organization, the bank holding's management company (managing company of the bank holding), is not entitled to disclose the information received from other legal entities belonging to the bank group (the bank holding company) bank holding), information about their activities, except in cases provided for by this Federal Law or cases arising from the publication of consolidated accounts. ". Article 2. President of the Russian Federation OF THE PRESIDENT OF THE RUSSIAN FEDERATION Legal acts in conformity with this Federal Act. " The Bank of Russia to bring its normative acts into compliance with this Federal Law. Article 3. This Federal Act shall enter into force on the date of its official publication, with the exception of article 1, paragraph 17, of this Federal Act. Paragraph 9 of Article 1 of this Federal Law shall enter into force six months after the date of the entry into force of this Federal Law, during which the Bank of Russia may withdraw from the credit institution. Banking licence in the event of the inability of the credit institution to satisfy the creditors ' claims on monetary obligations and (or) to fulfil the obligation to pay the mandatory payments within one month of the attack the date of their performance, if the requirements of the credit institution in aggregate are not less than 1,000 times the minimum wage established by federal law. President of the Russian Federation Vladimir Putin Moscow, Kremlin 19 June 2001 N 82-FZ