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Ministry of Justice

Russian Federation

On September 25, 2017 No. 48314

SPECIFYING OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 19, 2017 No. 4419-U

About procedure Bank of Russia of observation of the central partners

This Specifying based on parts 2.1 and 2.2 of article 25 of the Federal Law of February 7, 2011 No. 7-FZ "About clearing, clearing activities and the central partner" (The Russian Federation Code, 2011, No. 7, Art. 904; No. 48, Art. 6728; No. 49, Art. 7040, Art. 7061; 2012, No. 53, Art. 7607; 2013, No. 30, Art. 4084; 2014, No. 11, Art. 1098; 2015, No. 27, Art. 4001; No. 29, Art. 4357; 2016, No. 1, of the Art. 23, the Art. 47) (further - the Federal Law "About Clearing, Clearing Activities and the Central Partner") establishes procedure the Bank of Russia of observation of the central partners.

1. Within implementation the Bank of Russia on permanent basis makes observations of the central partners monitoring by means of information collection about activities of the central partners, including information on individual quantitative and (or) qualitative indexes of activities of the central partners, information containing in internal documents of the central partners and also on the new services planned by the central partners to implementation (further - information on activities of the central partners), and the analysis of the specified information.

1.1. Information collection about activities of the central partners is performed by the Bank of Russia within competence, stipulated in Item 3 parts 2 and part 4 of article 25 of the Federal law "About Clearing, Clearing Activities and the Central Partner".

1.2. Information analysis about activities of the central partners is performed by the Bank of Russia for the purpose of enhancement by the central partners of the activities and (or) development of the central partners in the following directions:

identification of risks of the central partners, including risks which realization can lead to loss of financial stability of the central partners, violation of going concern of the central partners and (or) other adverse effects which can result in lack of possibility of implementation of activities of the central partners (further - risks of the central partners);

the analysis of the measures taken by the central partners for the purpose of enhancement of the activities and (or) the development (further - measures) on the basis of the recommendations about change of activities of the central partners which are earlier prepared by the Bank of Russia;

identification of other activities of the central partners for their enhancement and (or) development of the central partners who are not specified in paragraphs second and third this Item.

2. Assessment of activities of the central partners (further - assessment) is performed by the Bank of Russia on permanent basis with use of analysis results of information on activities of the central partners, carried out within monitoring in one or several directions provided by subitem 1.2 of Item of 1 this Specifying.

Assessment by the Bank of Russia is performed on one or several of the following directions:

influence of the risks of the central partners revealed by the Bank of Russia on activities of the central partners (in this case assessment is carried out including by means of stress testing of risks of the central partners);

influence of the measures taken on the basis of the recommendations about change of activities of the central partners which are earlier prepared by the Bank of Russia on activities of the central partners;

other activities of the central partners for their enhancement and (or) development of the central partners which are not specified in paragraphs second and third this Item.

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