Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of August 18, 2014 No. 526

About approval of Rules of implementation of leasing activities

(as amended on 19-09-2018)

Based on part one of article 39 of the Bank code of the Republic of Belarus, the paragraph of the fourth No. 99 "About questions of regulation of leasing activities" the Board of National Bank of the Republic of Belarus DECIDES: parts one of subitem 1.13 of Item 1 of the Presidential decree of the Republic of Belarus of February 25, 2014

1. Approve the enclosed Rules of implementation of leasing activities.

2. Determine that the contracts of finance lease (leasing) signed before entry into force of this resolution, subleasing and purchase and sale (delivery) of the property acquired for the subsequent transfer as the subject of the agreement of finance lease (leasing) are not subject to reduction in compliance with requirements of the Rules of implementation of leasing activities approved by this resolution and are effective before execution by the parties of obligations assumed on them.

3. This resolution becomes effective since September 1, 2014.

Chairman of the board

N. A. Ermakova

 

Approved by the Resolution of Board of National Bank of the Republic of Belarus of August 18, 2014 No. 526

Rules of implementation of leasing activities

Chapter 1. General provisions

1. These rules determine procedure and conditions of implementation of leasing activities in the territory of the Republic of Belarus.

2. For the purposes of these rules the terms below are used in the following values:

remuneration (income) of the lessor - the indicator which is proceeding from terms of the contract of leasing and the amount of the leasing payments paid by the leasing recipient difference between the total amount of the leasing payments provided by the agreement of leasing, and redemption value of subject of leasing (if the agreement of leasing provides condition about the redemption of subject of leasing) and the total amount of the investment expenses of the lessor refunded by the leasing recipient as a part of leasing payments and redemption value of subject of leasing;

redemption value of subject of leasing - the acquisition amount established by the agreement of leasing and paid out of leasing payments in property the leasing recipient of subject of leasing (if the agreement of leasing provides condition about the redemption of subject of leasing), which is determined as difference between the leasing subject cost of the agreement of leasing and part of the amount of leasing payments fully or partially refunding investment expenses of the lessor taking into account which the leasing subject cost is determined if other is not stipulated by the legislation or the agreement of leasing;

investment expenses of the lessor - costs taking into account which the cost of subject of leasing is determined and which are connected with property acquisition, intended for the subsequent transfer as leasing subject, finishing it to the condition suitable for use by the leasing recipient according to the agreement of leasing, transfer of subject of leasing to the leasing recipient, and also the expenses of the lessor which are subject to compensation by the leasing recipient according to the agreement of leasing fully or partially are not considered in case of cost determination of subject of leasing and connected with the conclusion and agreement performance of leasing;

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

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

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.