INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 5, 2024 No. 6925-U

About criteria of essential unauthenticity of reporting data of branch of foreign bank through which the foreign bank performs activities in the territory of the Russian Federation

This Instruction based on item 4 of part one of article 23.7 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) establishes criteria of essential unauthenticity of reporting data of branch of foreign bank through which the foreign bank performs activities in the territory of the Russian Federation.

1. Criteria of essential unauthenticity of reporting data of branch of foreign bank through which the foreign bank performs activities in the territory of the Russian Federation (further - branch of foreign bank) are:

availability in the reporting of branch of foreign bank of data on observance of obligatory standard rates by it, while the Bank of Russia during implementation of supervision of branch of foreign bank established facts of non-compliance with the obligatory standard rates established according to article 62.3 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)";

not reflection in the reporting of branch of foreign bank of the actual non-execution of obligations to creditors assumed by foreign bank through branch of foreign bank, and (or) obligations on payment of obligatory payments;

not reflection in the reporting of branch of foreign bank of the actual carrying out transactions by branch of foreign bank on the amount equal or exceeding 1 million rubles;

availability in the reporting of branch of foreign bank of data on carrying out transactions by branch of foreign bank on the amount equal or exceeding 1 million rubles, in case when is established by the Bank of Russia absence at branch of foreign bank of the material values and (or) securities and (or) documents confirming implementation of the specified transactions;

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