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On Amendments To The Federal Law "on Additional Measures To Support The Financial System Of The Russian Federation"

Original Language Title: О внесении изменений в Федеральный закон "О дополнительных мерах по поддержке финансовой системы Российской Федерации"

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Federal Law On additional measures to support the financial system Russian Federation Accepted State Duma of the Russian Federation on July 26, 2009 Approved by the Federation Council on July 7, 2009 Article 1 Amend the federal law dated October 13, 2008 N 173-FZ " On additional OF THE PRESIDENT OF THE RUSSIAN FEDERATION 4698) the following changes: 1) in Article 4: a) Part 1 restated: " 1. The funds of the National Welfare Fund may be placed in Vnesheconombank deposits for a total amount of not more than RUB 410 billion in accordance with the procedure established by the Government of the Russian Federation, under the following conditions: 1) at a rate 7% per annum for the term up to 31 December 2019, for the implementation of the Vnesheconombank's operations specified in Article 6 (1) of this Federal Law; 2) at 8.5 per cent per annum until 31 December 2020 In order to carry out the Vnesheconombank operations specified in Part 1 of the article 6-1 of this Federal Law. "; (b) Part 2, after the words" Article 6 ", add the words" and article 6-1 (1) "; 2) to read: Article 6-1 1. It is established that Vnesheconombank will be entitled to provide subordinated loans (loans) until December 31, 2020, at a rate of 9.5 percent per annum for Russian credit institutions. Their compliance with the following conditions: 1) the credit institution has a credit rating on the date of receipt of a credit rating (credit rating) of not below the established minimum level; 2) credit receipt organization of subordinated loan (loan) from Vnesheconombank In accordance with article 6, paragraph 2, paragraph 2, of this Federal Act, 15 per cent of the amount of equity (capital) of the loan recipient (capital), calculated on 1 October 2008; 3) credit by the organization, after 1 October 2008, of subordinated loans (loans) and (or) persons subordinated to this credit institution in an amount exceeding 15 per cent of the size of their own funds (capital) Loan (loan) as of 1 October 2008. 2. The total sum of subordinated loans (loans) provided by Vnesheconombank under Part 1 of this article of one credit institution shall not exceed 50 per cent of the amount of its own funds (capital) of the loan recipient (Loan) for the 1st month of the application for a loan (loan) and 300 per cent of the funds received by the credit institution after 1 October 2008 from third parties in the form of subordinated loans (loans) and (or) the payment of a contribution to the authorized capital of that credit institution, exceeding 15 per cent of the equity (capital) of the loan (capital) of 1 October 2008. 3. Subordinated loans (loans) referred to in part 1 of this article may be granted, in whole or in part, by the acquisition of bonds issued by Vnesheconombank (loans) by credit institutions of bonds and (or) The Eurobonds issued in their favour and their guaranteed Eurobonds placed on and (or) circulating in the territory of the Russian Federation and (or) outside the territory of the Russian Federation. 4. List of rating agencies whose ratings are used to determine the long-term creditworthiness of credit institutions in accordance with paragraph 1 of Part 1 of this Article and the required minimum indicators of the respective ratings, Additional requirements for the loan recipients (loans), as well as the procedure and conditions for granting credits (loans) are set by the Vnesheconombank's supervisory board. "; 3) to supplement articles 6 to 2 as follows: Article 6-2 1. The funds of the National Welfare Fund may be placed in Vnesheconombank (Vnesheconombank) for a total amount of not more than 40 billion rubles until June 1, 2015 at 8.5 per cent per annum in accordance with the procedure established by the Government of the Russian Federation. THE RUSSIAN FEDERATION 2. The funds placed in accordance with Part 1 of this article may be used by Vnesheconombank exclusively to carry out the operations specified in Article 6-3 of this Federal Law. "; 4) to supplement Article 6-3 of the following content: "Article 6-3 Install that Vnesheconombank from the date of the entry into force of this Federal Law is entitled to be granted to an open joint stock company" The Agency for Housing and Housing. Credit loans (loans) at 9.5 percent per annum for the term of up to June 1, 2015 The law shall enter into force on the date of its official publication. President of the Russian Federation Dmitry Medvedev Moscow, Kremlin 17 July 2009 N 168-FZ