INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 13, 2020 No. 5457-U

About modification of the Instruction of the Bank of Russia of July 14, 2014 No. 3322-U "About procedure for forming of reserves by credit consumer cooperatives on possible losses on loans"

Based on Item 3 of part 2 of article 5 of the Federal Law of July 18, 2009 No. 190-FZ "About credit cooperation" (The Russian Federation Code, 2009, No. 29, Art. 3627; 2019, No. 49, the Art. 6953) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of April 24, 2020 No. 11):

1. Bring in the Instruction of the Bank of Russia of July 14, 2014 No. 3322-U "About procedure for forming of reserves by credit consumer cooperatives on possible losses on loans", registered by the Ministry of Justice of the Russian Federation on September 18, 2014 No. 34089, the following changes.

1.1. In subitem 3.1 of Item 3:

add paragraph two with words ", not being individual entrepreneurs";

third to add the paragraph with words ", to individual entrepreneurs".

1.2. In appendix:

to add the name of columns 2 and 3 with words ", not being individual entrepreneurs";

to add the name of columns 4 and 5 with words ", to individual entrepreneurs";

in line 2:

in the column to replace 4 figures of "1,5" with figure "1";

in the column 5 to replace figure "3" with figures of "1,5";

in line 3:

in the column 4 to replace figure "7" with figure "5";

in the column 5 of figure "10" to replace with figure "7";

state line 4 in the following edition:

"

";

in line 5:

in the column 4 of figure "35" to replace with figures "25";

in the column 5 of figure "45" to replace with figures "35";

state line 6 in the following edition:

"

";

in line 7:

in the column 4 of figure "75" to replace with figures "50";

in the column 5 of figure "90" to replace with figures "60";

in line 8:

in the column 4 of figure "95" to replace with figures "75";

in the column 5 of figure "100" to replace with figures "75".

2. This Instruction becomes effective from the date of its official publication.

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