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ORDER OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of July 31, 2017 No. OD-2161

About enforcement of policy of management of payment system of the Bank of Russia

For the purpose of disclosure of information on the purpose, tasks, the principles of management of payment system of the Bank of Russia, about management system payment system of the Bank of Russia directed to realization of provisions of article 82.2 of the Federal Law of 10.07.2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" I order:

1. Enact Policy of management of payment system of the Bank of Russia (appendix to the order).

2. To the press service of the Bank of Russia (Rykpin M. V.) to publish the order in "the Bulletin of the Bank of Russia".

Chairman of the Bank of Russia

E. S. Nabiullina

Appendix

to the Order of the Bank of Russia of July 31, 2017 No. OD-2161

Policy of management of payment system of the Bank of Russia

I. General provisions

1.1. The policy of management of payment system of the Bank of Russia (further - PS BR) determines the purpose, tasks and the principles of management of PS BR, subjects of management system of PS BR, their power within PS BR, interrelations and accountability, role of internal audit, and also participants of PS BR (further - participants) in management of PS BR.

1.2. The policy of management of PS BR is developed on the basis of the legislation of the Russian Federation, provisions of normative and other acts of the Bank of Russia, the Risk management policy of the Bank of Russia <1>, international standards, including provisions of the document of Committee on payment and settlement systems <2> and International Organization of Securities Commissions (further - KPRS - MOKTsB) "The principles for infrastructures of the financial market".

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<1> It is enacted by the order of the Bank of Russia of March 23, 2016 No. OD-961.

<2> Since September, 2014 - Committee on payments and market infrastructures (KPRI).

1.3. Main terms and determinations.

Management of PS BR - the coordinated activities of subjects of management system of PS BR aimed at providing effective and smooth functioning of PS BR.

PS BR management system - the system including subjects of management system of PS BR, interrelation between them, the rules and procedures directed to effective and smooth functioning of PS BR.

Subjects of management system of PS BR - National financial council, the Board of directors of the Bank of Russia, the Chairman of the Bank of Russia, First Deputy Chairmen of the Bank of Russia, vice-chairmen of the Bank of Russia, service of the chief auditor of the Bank of Russia, the Management committee risks in PS BR, the Commission on prevention, identification and conflict management of interests when implementing by the Bank of Russia of the functions provided by the Federal Laws, the structural divisions of central office of the Bank of Russia providing functioning of PS BR, territorial offices of the Bank of Russia, the Interregional center of information processing of the Bank of Russia.

Risk management system in PS BR - the complex of actions and methods of decrease in probability of emergence of adverse effects performed by subjects of management system PS BR for uninterruptedness of functioning of PS BR taking into account the extent of the caused damage.

Subjects of PS BR are participants, the involved operators of services of payment infrastructure of PS BR (in case of attraction of third parties by the Bank of Russia as operators of services of payment infrastructure of PS BR), the Bank of Russia.

Proper functioning of PS BR - rendering services of payment infrastructure within PS BR according to requirements of the Federal Law of June 27, 2011 No. 161-FZ "About national payment system", the regulations of the Bank of Russia including determining rules PS BR, and agreements which establish order of interaction of subjects of PS BR.

Uninterruptedness of functioning of PS BR - the condition of payment system which is characterized by capability of subjects of PS BR to support proper functioning of PS BR and to recover proper functioning of PS BR during the time determined in rules PS BR in case of its violation.

Efficiency of PS BR for the Bank of Russia as operator of PS BR (further - efficiency of functioning of PS BR) - degree of rationality of use of resources by the Bank of Russia (labor, financial, technological and others) for ensuring smooth functioning of PS BR.

Efficiency of participation in PS BR - degree of satisfaction of participants with structure and quality of the provided services within PS BR and degree of rationality of use by participants of money on the accounts opened in the Bank of Russia for the purpose of making of money transfers.

Effectiveness of PS BR - extent of achievement of target measure values of uninterruptedness of functioning of PS BR and indicators characterizing system effectiveness of risk management in PS BR.

1.4. All other terms and the definitions given in Policy of management of PS BR are applied in the values established by the Federal Law of June 27, 2011 No. 161-FZ "About national payment system", the regulations of the Bank of Russia determining rules PS BR.

II. Purpose, tasks and principles of management of PS BR

2.1. The purpose of management of PS BR is ensuring uninterruptedness of functioning of PS BR and efficiency of participation in PS BR when ensuring the level of efficiency of functioning of PS BR, acceptable for the Bank of Russia, and effectiveness of PS BR.

2.2. The objectives of management of PS BR are achieved by means of the complex solution of the following tasks:

maintenance of proper functioning of PS BR;

the organization of risk management system in PS BR, including process of monitoring of values of key indicators of risks in PS BR;

identification of violations of proper functioning of PS BR, violations of uninterruptedness of functioning of PS BR;

recovery of proper functioning of PS BR during the time determined in rules PS BR in case of its violation;

implementation of monitoring of measure values of efficiency of functioning of PS BR, performance indicators of participation in PS BR, effectiveness indicators, control of achievement of the target measure values of effectiveness, development and taking measures directed to increase in level of efficiency of participation in PS BR and level of efficiency of functioning of PS BR;

maintaining the reasonable and transparent tariff policy directed to stimulation of participants to effective management of the liquidity, increase in interest of participants in optimum use of the provided PS BR services, decrease in operational risks in PS BR by means of tariff stimulation of participants to the uniform direction of orders about money transfer in PS BR during the operational day and also partial covering of operating expenses on functioning of PS BR.

2.3. Management of PS BR is based on the following principles:

transparency and openness - bringing to data of participants and interested persons of rules PS BR, including rates, plans and the purposes of development of PS BR, extent of their achievement;

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