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Ministry of Justice

Russian Federation

On April 2, 2021 No. 62980

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 11, 2021 No. 5700-U

About modification Of the Instruction of the Bank of Russia of May 22, 2018 No. 4801-U "About form and conditions of refinancing of credit institutions on security"

Based on article 40 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, the Art. 2790) 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 December 24, 2020 No. PSD-31):

1. Bring in the Instruction of the Bank of Russia of May 22, 2018 No. 4801-U "About form and conditions of refinancing of credit institutions on security", registered by the Ministry of Justice of the Russian Federation on June 7, 2018 No. 51310, the following changes.

1.1. Paragraphs the fourth - the sixth Item 3 to recognize invalid.

1.2. Third item 4 to state the paragraph in the following edition:

"the bank has no overdue monetary commitments before the Bank of Russia, including on the credits of the Bank of Russia and percent on them.".

1.3. Paragraphs the fourth - the sixth Item 5 to recognize invalid.

2. This Instruction is subject to official publication and becomes effective since November 1, 2021.

Chairman of the Central bank of the Russian Federation

E. S. Nabiullina

 

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