Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of November 30, 2012 No. 625

About approval of the Instruction about the organization of internal control system in banks, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organizations, banking groups and bank holdings

(The last edition from 29-06-2016)

Based on the paragraph of third of part four of Article 34, and in pursuance of paragraph two of article 4 of the Law of the Republic of Belarus of July 13, 2012 "About entering of amendments and changes into the Bank code of the Republic of Belarus" the Board of National Bank of the Republic of Belarus DECIDES: parts one of article 39 of the Bank code of the Republic of Belarus

1. Approve the enclosed Instruction about the organization of internal control system in banks, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organizations, banking groups and bank holdings.

2. Recognize invalid:

the resolution of Board of National Bank of the Republic of Belarus of June 18, 2008 No. 74 "About modification and amendments in the Instruction about the organization of internal control in banks and the non-bank credit and financial organizations" (The national register of legal acts of the Republic of Belarus, 2008, No. 174, 8/19131);

Item 2 of the resolution of Board of National Bank of the Republic of Belarus of August 31, 2010 No. 374 "About entering of amendments and changes into some regulatory legal acts of National Bank of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2010, No. 225, 8/22777).

3. This resolution becomes effective since January 22, 2013.

Chairman of the board

N. A. Ermakova

Approved by the Resolution of Board of National Bank of the Republic of Belarus of November 30, 2012 No. 625

The instruction about the organization of internal control system in banks, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organizations, banking groups and bank holdings

Chapter 1. General provisions

1. This Instruction establishes requirements to the organization of internal control system in banks, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organizations (further – banks), banking groups and bank holdings.

2. For the purposes of this Instruction following terms have the following values:

internal control – the process performed by bank for the purpose of ensuring the ordered and effective implementation of activities according to requirements of the legislation of the Republic of Belarus and local regulatory legal acts of bank;

internal control system – set of internal control, internal audit, organizational structure, the local regulatory legal acts determining strategy, policy, techniques and procedures of internal control, and also powers and responsibility of governing bodies of bank and officials;

information security – multi-level complex of organizational measures, the hardware-software and technical means providing protection against accidental and deliberate threats as a result of which realization violation of properties of the availability, integrity, authenticity or confidentiality processed, which is kept or the transmitted data is possible;

availability of information – property of the automated system timely and authentically to provide the information required according to statutory rules and access rights;

integrity and authenticity of information – property of the automated system to keep invariance or to find the fact of unauthorized change of information and the attributes establishing authorship;

confidentiality of information – property of the automated system to provide exception of information access of unauthorized users.

3. The parent organization of banking group, the parent organization of bank holding which is bank (except for "Development Bank of the Republic of Belarus" open joint stock company), shall organize internal control system in banking group and (or) bank holding on the consolidated basis so that to provide timely receipt of information on activities of members of banking group and (or) bank holding for the purpose of implementation of efficiency evaluation of activities of such participants and observance by them of requirements of the legislation and local regulatory legal acts.

4. By results of assessment of internal control system in bank during implementation of banking supervision the National Bank of the Republic of Belarus (further – National Bank) has the right to make based on motivated judgment of compliance (discrepancy) of internal control system to the requirements established by National Bank decisions about:

state registration of the bank created as a result of reorganization and at the same time to issue of special permission (license) for implementation of banking activity to it;

state registration of the changes and (or) additions made to the charter of bank (by reorganization of bank);

to issue (refusal in issue) to bank of special permission (license) for implementation of banking activity, introduction (refusal in introduction) changes and (or) amendments in the list of banking activities specified in the special permission (license) for implementation of banking activity issued to bank;

application of measures of supervising reaction.

Full text available with active License only!

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 38000 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.

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.