FEDERAL LAW OF THE RUSSIAN FEDERATION

of October 4, 2014 No. 286-FZ

About modification of article 5 of the Federal law "About Banks and Banking Activity"

Accepted by the State Duma on September 26, 2014

Approved by the Federation Council on October 1, 2014

Bring in part the sixth article 5 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 1998, No. 31, Art. 3829; 2003, No. 52, Art. 5037; 2009, No. 48, Art. 5731; 2011, No. 7, Art. 905; No. 27, the Art. 3873) change, having added it with the offer of the following content: "The specified restrictions do not extend also to sale of the property acquired by credit institutions for the purpose of ensuring the activities and for sale of the property realized by credit institution in case of the address of collection regarding pledge in connection with non-execution by the debtor of the obligation provided with pledge of property, or received by credit institution under the agreement as compensation.".

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