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Ministry of Justice

Russian Federation

On March 26, 2020 No. 57857

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 24, 2019 No. 5371-U

About cases of transfer of money into the accounts (in deposits) residents opened in the organizations of the financial market, and cash write-off located outside the territory of the Russian Federation from such accounts (deposits)

This Instruction based on part 4 of article 12 of the Federal Law of December 10, 2003 No. 173-FZ "About currency control and currency exchange control" (The Russian Federation Code, 2003, No. 50, Art. 4859; "The official Internet portal of legal information" (www.pravo.gov.ru), on December 2, 2019), Item 12 of Article 4 and article 54 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2005, No. 30, Art. 3101; 2019, No. 29, the Art. 3857) establishes cases of transfer of money into the accounts (in deposits) residents opened in the organizations of the financial market located outside the territory of the Russian Federation and not being banks, according to the personal law of such organizations having the right to render the services connected with attraction from residents and placement of money or other financial assets for storage, management, investment and (or) implementation of other transactions for the benefit of resident or directly or indirectly at the expense of resident and cash write-offs from such accounts (deposits).

1. Transfer of money into the accounts (in deposits) residents opened in the organizations of the financial market located outside the territory of the Russian Federation, according to the personal law of such organizations having the right to render the services connected with attraction from residents and placement of money or other financial assets for storage, management, investment and (or) implementation of other transactions for the benefit of resident or directly or indirectly at the expense of resident, and cash write-off from such accounts (deposits) are performed in all cases without restrictions.

2. This Instruction becomes effective after 10 days after day of its official publication.

Chairman of the Central bank of the Russian Federation

E. S. Nabiullina

 

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