INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 6, 2014 No. 3439-U

About procedure for recognition of credit institutions by the Bank of Russia significant in the market of payment services

This Instruction based on the Federal Law of June 27, 2011 No. 161-FZ "About national payment system" (The Russian Federation Code, 2011, No. 27, Art. 3872; 2012, No. 53, Art. 7592; 2013, No. 27, Art. 3477; No. 30, Art. 4084; No. 52, Art. 6968; 2014, No. 19, Art. 2315, Art. 2317; No. 43, Art. 5803; 2015, No. 1, Art. 8, Art. 14; 2016, No. 27, Art. 4221, Art. 4223; 2017, No. 15, Art. 2134; No. 18, of the Art. 2665, No. 30, of the Art. 4456) establishes procedure for recognition of credit institutions by the Bank of Russia significant in the market of payment services.

1. The Bank of Russia makes the decision on recognition of credit institutions significant in the market of payment services in case of compliance of credit institutions to the criteria of the importance in the market of payment services established by this Instruction based on these forms of the reporting 0409260 of "Data on points of provision of payment services of credit institutions and bank payment agents (subagents)", 0409264 of "Data on electronic instruments of payment and transactions with their use", 0409265 of "Data on the customer accounts of credit institution and money transfers which are carried out by credit institution, and also on activities of bank payment agents (subagents)", established by the Instruction of the Bank of Russia of April 10, 2023 No. 6406-U "About forms, terms, procedure for creation and submission of the reporting of credit institutions (banking groups) to the Central bank of the Russian Federation and also about the list of information on activities of credit institutions (banking groups)" (it is registered by the Ministry of Justice of the Russian Federation on August 16, 2023, registration No. 74823) with the changes made by Instructions of the Bank of Russia of December 8, 2023 No. 6621-U (it is registered by the Ministry of Justice of the Russian Federation on January 22, 2024, registration No. 76927), of March 12, 2024 No. 6688-U (it is registered by the Ministry of Justice of the Russian Federation on May 29, 2024, registration No. 78345) (further - the reporting), and also based on recognition of credit institutions by the Bank of Russia systemically significant according to the Instruction of the Bank of Russia of April 13, 2021 No. 5778-U "About technique of determination of systemically significant credit institutions" (it is registered by the Ministry of Justice of the Russian Federation on May 17, 2021, registration No. 63482) with the change made by the Instruction of the Bank of Russia of October 6, 2023 No. 6569-U (it is registered by the Ministry of Justice of the Russian Federation on December 25, 2023, registration No. 76594) (further - the Instruction of the Bank of Russia No. 5778-U).

2. The credit institution is recognized significant in the market of payment services in case of its compliance at least to one of the following criteria:

the share of amount of transactions with use of the settlement and credit cards performed by credit institution in the territory of the federal district of the Russian Federation for calendar year constitutes two percent and more total amount of transactions with use of the settlement and credit cards performed by credit institutions in the territory of this federal district of the Russian Federation for calendar year;

the share of quantity of the settlement and credit cards emitted credit the organizations in the territory of the federal district of the Russian Federation as of January 1 of the year following reporting constitutes two percent and more total quantity of the settlement and credit cards emitted by credit institutions in the territory of this federal district of the Russian Federation for January 1 of the year following reporting;

the share of number of the transactions applied to implementation with use of payment cards of the ATMs, electronic terminals and imprinters belonging to credit institution and located in the territory of the federal district of the Russian Federation for January 1 of the year following reporting constitutes two percent and more total quantity of the ATMs, electronic terminals and imprinters belonging to credit institutions and located in the territory of this federal district of the Russian Federation for January 1 of the year following reporting;

the share of amount of the transfer of electronic money with use of prepaid cards made by credit institution in the Russian Federation for calendar year constitutes two percent and more total amount of the transfer of electronic money with use of prepaid cards made by credit institutions in the Russian Federation for calendar year;

the share of amount of money transfers (except for the translations of electronic money) with use of service of the bystry payments of payment system of the Bank of Russia made by credit institution in the territory of the federal district of the Russian Federation for calendar year constitutes two percent and more total amount of money transfers (except for the translations of electronic money) with use of service of the bystry payments of payment system of the Bank of Russia made by credit institutions in the territory of this federal district of the Russian Federation for calendar year;

the credit institution is systemically significant credit institution.

3. The Bank of Russia makes the decision on recognition of credit institutions significant in the market of payment services based on data of the reporting for accounting calendar year and the list of systemically significant credit institutions posted on the official site of the Bank of Russia on the Internet and published in "the Bulletin of the Bank of Russia" according to item 4 of the Instruction of the Bank of Russia No. 5778-U, in time no later than April 1 of the year following reporting.

In case of entering of corrections into the credit institutions recognized significant in the market of payment services this to the reporting, according to which did not correspond established by paragraphs the second - the sixth Item 2 presents of the Instruction to criteria for recognition their significant in the market of payment services, or in case of entering of corrections into the credit institutions which are not recognized significant in the market of payment services this to the reporting, according to which corresponded established by paragraphs the second - the sixth Item 2 presents of the Instruction to criteria for recognition their significant in the market of payment services, the Bank of Russia in time no later than 90 calendar days from receipt date of the corrected reporting makes the decision on recognition of credit institutions significant in the market of payment services.

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