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FEDERAL LAW OF THE RUSSIAN FEDERATION

of April 2, 2014 No. 37-FZ

About features of functioning of financial system of the Republic of Crimea and the federal city of Sevastopol for transition period

(as amended on 29-07-2017)

Accepted by the State Duma of the Russian Federation on March 31, 2014

Approved by Council of the Russian Federation on April 1, 2014

Article 1

This Federal Law establishes features of activities for transition period in the territory of the Republic of Crimea and in the territory of the federal city of Sevastopol of banks, non-bank financial institutions performing the types of activity similar to the types of activity specified in article 76.1 of the Federal Law of July 10, 2002 to No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)", the non-bank financial institutions transferring money without opening of the account, the foreign exchange offices registered and (or) operating in the specified territories, the subjects of licenses (other types of permissions, accreditations) specified to feature of state registration and obtaining, their inclusions in the state register (register), their accession to self-regulatory organizations, the terminations of activities by them, features of the circulation of the issued securities issued by issuers, features of activities of other persons performing types of activity similar to the types of activity specified in articles 5 and 7.1 of the Federal Law of August 7, 2001 to No. 115-FZ "About counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing" which location are the specified territories.

Article 2

1. In this Federal Law the following basic concepts are used:

1) the banks registered in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol - the banks having the license of the National Bank of Ukraine existing as of March 16, 2014 which location is the territory of the Republic of Crimea and (or) the territory of the federal city of Sevastopol;

2) the banks operating in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol - the banks having the license of the National Bank of Ukraine existing as of March 16, 2014 which location is not the territory of the Republic of Crimea and (or) the territory of the federal city of Sevastopol and which perform the activities in the specified territories through the isolated structural divisions;

3) the non-bank financial institutions registered in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol - the non-bank financial institutions having the license, permission to implementation of the activities issued by the state and other official organs of Ukraine and operating as of March 16, 2014, or registered for the specified date in the state register of financial institutions which location is the territory of the Republic of Crimea and (or) the territory of the federal city of Sevastopol;

4) the non-bank financial institutions operating in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol - the non-bank financial institutions having the license, permission to implementation of the activities issued by the state and other official organs of Ukraine and operating as of March 16, 2014, or registered for the specified date in the state register of financial institutions which location is not the territory of the Republic of Crimea and (or) the territory of the federal city of Sevastopol and which perform the activities in the specified territories through the isolated structural divisions;

5) the isolated structural division - the branch, department, other division of bank or non-bank financial institution operating in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol;

6) transition period - the period which came from the date of entry into force of this Federal Law and proceeding till January 1, 2015, except as specified, provided by part 6 of Article 3, part 10 of Article 6, part 5 of Article 11 and article 14 of this Federal Law.

2. Concepts and terms civil and other industries of the legislation of the Russian Federation, used in this Federal Law, are applied in that value in what they are used in these industries of the legislation if other is not provided by this Federal Law.

Article 3

1. The banks registered in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol and the banks operating in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol (further - credit institutes) having the right to continue till January 1, 2015 implementation of banking activity in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol without receipt of the license for banking operations granted by the Central bank of the Russian Federation (Bank of Russia) in case of observance of the following conditions:

1) proper execution of agreement obligations, and also provision to clients of the banking services connected with use of ruble as instrument of payment (except currency exchange);

2) notification of the Bank of Russia on continuation of the activities. The specified notification goes to the Bank of Russia in time which is not exceeding fifteen days from the date of entry into force of this Federal Law;

3) execution of the requirement of the Bank of Russia about submission of the register of obligations (information on obligations) to creditors and investors according to the procedure and the terms established by acts of the Bank of Russia;

4) submission of the reporting and other information on the activities to the Bank of Russia according to the procedure and the terms established by normative and other acts of the Bank of Russia;

5) representation in time, not exceeding thirty days from the date of entry into force of this Federal Law, copies of constituent documents, information on persons performing functions of sole executive body of credit institute his deputies, members of collegiate executive body, the chief accountant, board members (supervisory board) of credit institute, persons owning more than 10 percent of shares (share) of credit institute, persons under control or considerable influence of which are the specified shareholders (participants), copies of the banking license, and for the banks existing in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol, also copies of the document (documents) regulating (regulating) activities isolated structural division of bank, information on the head and the chief accountant (in case of its availability) this division;

6) execution of other requirements of the Bank of Russia imposed in accordance with the legislation of the Russian Federation.

2. The credit institutions created in the territory of the Republic of Crimea or in the territory of the federal city of Sevastopol are subject to state registration according to the Federal Law of August 8, 2001 No. 129-FZ "About state registration of legal entities and individual entrepreneurs" taking into account the special procedure for state registration of credit institutions established by the Federal Law "About Banks and Banking Activity" if this Federal Law does not establish other. Opening and activities of branches, representations and internal structural divisions of credit institutions are performed according to the procedure, established by the Federal Laws and acts of the Bank of Russia.

3. The banks registered in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol having the right to undergo till January 1, 2015 state registration in the Bank of Russia as credit institution. The Bank of Russia performs state registration of the credit institutions specified in this part, and issue of licenses for banking operations to them according to the procedure, established by this Federal Law and acts of the Bank of Russia adopted according to it.

4. The banks operating in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol, complying the conditions provided by part of 1 this Article, having the right to register till January 1, 2015 in the specified territories credit institutions according to the procedure, No. 129-FZ established by the Federal Law of August 8, 2001 "About state registration of legal entities and individual entrepreneurs" taking into account the special procedure for state registration of credit institutions established by the Federal Law "About Banks and Banking Activity", and also taking into account provisions of articles 4 and 5 of this Federal Law and to obtain licenses for banking operations.

5. Credit institutes stop the activities in the territory of the Republic of Crimea and (or) in the territory of the federal city of Sevastopol no later than January 1, 2015.

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