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FEDERAL LAW OF THE RUSSIAN FEDERATION

of November 23, 2007 No. 270-FZ

About the State corporation on assistance to development, production and export of high-technology industrial output Rostec

(The last edition from 23-04-2018)

Accepted by the State Duma on November 9, 2007

Approved by the Federation Council on November 16, 2007

Article 1. The relations regulated by this Federal Law

This Federal Law determines legal status, the purpose of activities, power, procedure for management of activities, procedure for reorganization and liquidation of the State corporation by assistance to development, production and export of high-technology industrial output Rostec (further - Corporation), and also features of transfer of property fee of the Russian Federation to Corporation, including feature of the relations arising in the course of transformation of the federal state unitary enterprises to joint-stock companies which shares are subject to transfer as property fee of the Russian Federation.

Article 2. Legal status of Corporation

1. The corporation is the legal entity created by the Russian Federation in form of business of the state corporation.

2. The corporation has seal with the image of the State Emblem of the Russian Federation and with the name, and also heraldic sign - emblem and flag.

3. Full name of Corporation in Russian - the State corporation on assistance to development, production and export of high-technology industrial output Rostec. The abbreviated name in Russian - the Rostec State corporation.

4. Full name of Corporation in English - State Corporationfor Assistance to Development, Productionand Export of Advanced Technology Industrial Product "Rostec". The abbreviated name in English - State Corporation "Rostec".

5. The Corporation location - the city of Moscow.

6. The corporation has the bank account in the Central bank of the Russian Federation, and also has the right to open bank accounts in other credit institutions in the territory of the Russian Federation and beyond its limits according to the procedure, established by the legislation of the Russian Federation. The government of the Russian Federation establishes requirements to credit institutions in the territory of the Russian Federation in which the Corporation has the right to open bank and other accounts and with which the Corporation has the right to sign bank deposit agreements (deposit), and also term during which measures for return of the money placed on accounts and in deposits in credit institutions in the territory of the Russian Federation which ceased to conform to the specified requirements shall be taken by Corporation. In case of establishment of requirements to credit institutions the Government of the Russian Federation establishes requirements to the size of own means (capital) of credit institution and level of the credit rating assigned to the Russian credit institution by one or several credit rating agencies, data on which are entered by the Bank of Russia in the register of credit rating agencies, on national rating scale for the Russian Federation according to methodology which compliance to requirements of article 12 of the Federal Law of July 13, 2015 to No. 222-FZ "About activities of credit rating agencies in the Russian Federation, about modification of article 76.1 of the Federal law "About the Central Bank Russian Federation (Bank of Russia)" and recognition voided separate provisions of legal acts of the Russian Federation" is confirmed with the Bank of Russia. The government of the Russian Federation has the right to set limits of investment of funds by Corporation in credit institution depending on the size of own means (capital) of credit institution and (or) level of the credit rating assigned to credit institution on national rating scale for the Russian Federation. The corporation notifies federal executive body, authorized to perform functions on counteraction of legalization (washing) of income gained in the criminal way and terrorism financing, about each opening, closing, about change of foreign bank account details, about the conclusion, agreement cancelation of the bank account, bank deposit agreements (deposit) with foreign banks and the introduction of changes in them according to the procedure established by the Government of the Russian Federation. The government of the Russian Federation has the right to establish requirements to foreign banks in which the Corporation has the right to open bank and other accounts and with which the Corporation has the right to sign bank deposit agreements (deposit), and also term during which measures for return of the money placed on accounts and in deposits in the foreign banks which ceased to conform to the specified requirements shall be taken by Corporation.

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