Document from CIS Legislation database © 2003-2018 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 18, 2018 No. 697

About approval of criteria (requirements) to which according to the Federal Law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" there shall correspond authorized banks and banks which have the right to opening of escrow accounts for agreement settlements of participation in shared-equity construction

Based on the Federal Law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" Government of the Russian Federation decides:

1. Approve the enclosed criteria (requirements) to which according to the Federal Law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" there shall correspond authorized banks and banks which have the right to opening of escrow accounts for agreement settlements of participation in shared-equity construction.

Russian Prime Minister

D. Medvedev

Approved by the Order of the Government of the Russian Federation of June 18, 2018 No. 697

Criteria (requirements) to which according to the Federal Law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" there shall correspond authorized banks and banks which have the right to opening of escrow accounts for agreement settlements of participation in shared-equity construction

1. The bank is bank with the universal license.

2. Participation of bank in system of compulsory deposit insurance of physical persons in banks of the Russian Federation according to the Federal Law "About Deposit Insurance in Banks of the Russian Federation".

3. Non-use by bank of restrictions on banking operations concerning separate industries, the organizations (companies) in connection with application to the Russian Federation of measures of sanctions impact, and also lack of risks (threats) of application of such restrictions by them. The banks which are not corresponding to the specified criterion (requirement) are determined by the decision of the Government of the Russian Federation which goes to the Central Bank of the Russian Federation.

4. Compliance of bank to one of the following requirements:

a) the bank is the organization of single institute of the development in the housing sphere determined by the Federal Law "About Assistance to Development and Increase in Management Efficiency in the Housing Sphere and about Modification of Separate Legal Acts of the Russian Federation";

b) availability at bank is not lower than the A-(RU) level of credit score on national rating scale for the Russian Federation, assigned by credit rating agency Analytical Credit Rating Agency (Joint-stock company), and (or) it is not lower than the ruA-level on national rating scale for the Russian Federation, appropriated by credit rating agency Joint-stock company "Expert RA Rating agency;

c) concerning bank the Board of directors of the Central bank of the Russian Federation according to the Federal Law "About Insolvency (Bankruptcy)" approves the plan of participation of the Central bank of the Russian Federation in implementation of measures for the prevention of bankruptcy and the decision on guaranteeing by the Central bank the Russian Federation going concern of such bank is made;

d) concerning bank or concerning persons, under control or considerable influence of which there is bank, the measures of restrictive nature entered by foreign state, national association and (or) the union and (or) the public (interstate) institution of foreign state or national association and (or) union are effective. The specified banks shall be determined by the decision of the Government of the Russian Federation which goes to the Central Bank of the Russian Federation.

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.