INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of March 21, 2025 No. 7013-U

About procedure for appointment, activities and termination of activities of temporary administration of foreign bank at which it is withdrawn the license for banking operations for activities implementation in the territory of the Russian Federation through the branch, and also about procedure and form of its report before the Bank of Russia (is cancelled)

This Instruction based on parts five and the thirteenth article 23.8 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) establishes:

procedure for appointment of temporary administration of foreign bank at which it is withdrawn the license for banking operations for activities implementation in the territory of the Russian Federation through the branch (is cancelled);

procedure for activities of temporary administration of foreign bank at which it is withdrawn the license for banking operations for activities implementation in the territory of the Russian Federation through the branch (is cancelled);

procedure for the termination of activities of temporary administration of foreign bank at which it is withdrawn the license for banking operations for activities implementation in the territory of the Russian Federation through the branch (is cancelled);

procedure and report form of temporary administration of foreign bank at which it is withdrawn the license for banking operations for activities implementation in the territory of the Russian Federation through the branch, before the Bank of Russia (is cancelled).

Chapter 1. Procedure for appointment of temporary administration of foreign bank at which it is withdrawn the license for banking operations for activities implementation in the territory of the Russian Federation through the branch (is cancelled)

1.1. The decision on appointment according to part thirteen 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) (further - the Federal Law "About Banks and Banking Activity") temporary administration of foreign bank at which it is withdrawn the license for banking operations for activities implementation in the territory of the Russian Federation through the branch (is cancelled) (further - temporary administration), is accepted by the Committee of banking supervision of the Bank of Russia which is acting on the basis of the parts three of article 56 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)".

1.2. The decision on appointment of temporary administration is drawn up by the order of the Bank of Russia which is signed by the chairman of Committee of banking supervision of the Bank of Russia (person, it replacing).

1.3. The order of the Bank of Russia on appointment of temporary administration shall contain:

full name and the abbreviated name (in the presence) branch of foreign bank through which the foreign bank performs activities in the territory of the Russian Federation (further - branch of foreign bank), in Russian in which the temporary administration is appointed; full name of foreign bank (in transliteration letters of the Latin alphabet and Russian alphabet); the registration number assigned by the Bank of Russia to branch of foreign bank; address (location) of branch of foreign bank;

the reference to the article (part of Article) of the Federal law "About Banks and Banking Activity" based on which the decision on appointment of temporary administration is made;

regulations on assignment according to part one of article 23.8 of the Federal law "About Banks and Banking Activity" of functions of temporary administration on the "Deposit Insurance Agency" state corporation (further - the Agency);

data on suspension of powers of the executive bodies of foreign bank concerning activities of its branch in the territory of the Russian Federation, the head, his deputies and the chief accountant of branch of foreign bank, except for discharges of duty, specified regarding the seventeenth article 23.7 of the Federal law "About Banks and Banking Activity".

1.4. The order of the Bank of Russia on appointment of temporary administration is posted on the official site of the Bank of Russia on the Internet (further - Internet network) no later than the working day following behind day of its edition.

Chapter 2. Procedure for activities of temporary administration of foreign bank at which it is withdrawn the license for banking operations for activities implementation in the territory of the Russian Federation through the branch (is cancelled)

2.1. The temporary administration starts execution of the obligations in day of its appointment.

2.2. The temporary administration no later than the working day following behind day of its appointment brings information on appointment of temporary administration, and also on cancellation according to part three of article 23.8 of the Federal law "About Banks and Banking Activity" of the powers of attorney issued by foreign bank before date of appointment of temporary administration including irrevocable, to data:

the bodies performing state registration of the rights to real estate and transactions with it, the rights to other property, bodies, performing state registration of vehicles, and also the body making record about transition of share or part of share in the authorized capital of limited liability companies in the Unified State Register of Legal Entities;

the payment service providers perfroming calculations for transactions of branch of foreign bank including participation in transactions with use of ATMs, other automatic devices for calculations and acquiring network of foreign bank;

the organizations performing depositary servicing of branch of foreign bank (operating of its custody account);

holders of the register of owners of securities, the stipulated in Article 8 Federal Laws of April 22, 1996 No. 39-FZ "About the security market" if the branch of foreign bank is registered in system of maintaining the register as the nominee holder of securities;

organizers of trade in the security market with whom contracts on provision to branch of foreign bank of services in the security market are signed;

the organizations perfroming calculations for transactions of branch of foreign bank with securities;

corresponding banks in which correspondent accounts of branch of foreign bank are opened;

courts to the address (location) of branch of foreign bank.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info