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ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 15, 2009 No. 495

About establishment of requirements to the concessionary concerning the banks providing irrevocable bank guarantees, banks in which the bank deposit (deposit) of the concessionary on which rights can be pledged by the concessionary to the concedent, and concerning insurance companies with which the concessionary can sign the insurance contract of risk of responsibility for violation of obligations according to the concessionary agreement can be open

(as amended on 31-12-2015)

According to part 4 of article 10 of the Federal law "About Concessionary Agreements" Government of the Russian Federation decides:

Determine that the following requirements for the banks providing irrevocable bank guarantees, banks in which the bank deposit (deposit) of the concessionary on which rights can be pledged by the concessionary to the concedent, and concerning insurance companies with which the concessionary can sign the insurance contract of risk of responsibility for violation of obligations according to the concessionary agreement can be open are applied to the concessionary:

availability at bank of the general license of the Central bank of the Russian Federation for banking operations or the corresponding license granted by authorized bodies of foreign states;

availability at insurance company of the license for implementation of insurance granted by body of insurance supervision in accordance with the legislation of the Russian Federation;

availability at insurance company of excess of the actual size of margin of solvency over its normative size calculated according to the procedure, established by the Central bank of the Russian Federation, on the last reporting date preceding date of the conclusion of the insurance contract of risk of responsibility for violation of obligations according to the concessionary agreement;

the period of activities of bank or insurance company constitutes at least 3 years from the date of state registration (in case of merge of banks or insurance companies the specified term is calculated as concerning the organization having earlier date of state registration, when transforming the specified term is not interrupted);

availability at bank or insurance company unconditional positive audit opinion for last year in which prove to be true reliability in all essential relations of the financial (accounting) reporting and compliance of procedure for conducting financial accounting to the legislation of the Russian Federation.

Russian Prime Minister

V. Putin

 

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