INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 16, 2015 No. 3900-U

About modification of the Instruction of the Bank of Russia of February 25, 2014 No. 149-I "About the organization of inspection activities of the Central bank of the Russian Federation (Bank of Russia)"

1. For the purpose of enhancement of the organization of inspection activities of the Bank of Russia and based on the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of December 11, 2015 No. 37) to bring in the Instruction of the Bank of Russia of February 25, 2014 No. 149-I "About the organization of inspection activities of the Central bank of the Russian Federation (Bank of Russia)" ("the Bulletin of the Bank of Russia" of March 13, 2014 No. 23 - 24) the following changes.

1.1. State Item 1.1 in the following edition:

"1.1. Action of this Instruction extends to activities of structural divisions of the Bank of Russia: structural divisions of central office of the Bank of Russia and territorial offices of the Bank of Russia, including head departments of the Bank of Russia and departments operating as a part of head departments of the Bank of Russia, departments - national banks (further in case of joint mentioning - territorial offices of the Bank of Russia), and also the bank clerks of Russia who are directly performing inspection activities of the Bank of Russia and participating in these activities.".

1.2. In Item 1.2:

word in paragraph three of "The main inspection of credit institutions of the Bank of Russia" shall be replaced with words "The main inspection of the Bank of Russia";

word in paragraph four of "standard rates of required reserves" shall be replaced with words "mandatory reserve requirements".

1.3. To add subitem 1.3.4 of Item 1.3 with the paragraph of the following content:

"In case of project development of regulations of interaction of head departments of the Bank of Russia and interregional inspections if necessary features of interaction for the departments operating as a part of head departments of the Bank of Russia, departments - national banks are determined (further - department, department - national bank of head department of the Bank of Russia).".

1.4. The fourth Item 1.4 to state the paragraph in the following edition:

"Specialized check - the inspection which is carried out only on the following questions for certain period of activities of credit institution (its branch) namely: accomplishment of mandatory reserve requirements by credit institution; compliance of assets; cash circulation; implementation by authorized bank (its branch) of separate types of banking activities with the bank notes in the form of banknotes, treasury notes, coin which are in circulation and being legal means of cash payment in the territory of the corresponding foreign state (group of foreign states) and also with the specified bank notes withdrawn or withdrawn from circulation but which are subject to exchange (further - cash foreign currency), and transactions with checks (including travel checks) which nominal value is specified in foreign currency, with participation of physical persons (further - transactions with cash foreign currency and checks) in internal structural divisions of authorized bank (its branch).".

1.5. In Item 1.6:

third to state the paragraph in the following edition:

Thematic inspection of credit institution (its branch) is carried out till 35 working days (up to 45 working days in case of conducting checks of systemically significant credit institution and (or) other credit institution, supervision of which activities is exercised by Department of supervision of systemically significant credit institutions of the Bank of Russia (further in case of joint mentioning - systemically significant credit institution) and credit institution - the member of banking group which parent credit institution is systemically the significant credit institution).";

to state the paragraph of the seventh in the following edition:

"80 working days - for thematic check (90 working days in case of conducting checks of systemically significant credit institution and credit institution - the member of banking group which parent credit institution is systemically the significant credit institution);".

1.6. State Item 1.7 in the following edition:

"1.7. If supervision of activities of head office and structural division of credit institution is performed by different head departments of the Bank of Russia, the offer on check of this structural division of the credit institution (which is carried out separately or within interregional check) (further - the offer on conducting check) is subject to preliminary approval between these head departments of the Bank of Russia regarding reasons for need of conducting check, the checked period, questions which are subject to check, and (in need of) the term of its carrying out according to the procedure, established by this Item and appendix 1 to this Instruction (further - approval of the offer on conducting check).

If necessary (within approval of the offer on conducting check) departments, departments - national banks of head department of the Bank of Russia have the right to interact in the cases and procedure determined by internal documents of this head department of the Bank of Russia with head departments of the Bank of Russia, including departments, departments - national banks of head departments of the Bank of Russia, and also bank departments of Russia.

The requirement about approval of the offer on conducting check does not extend to specialized checks.

1.7.1. The head department of the Bank of Russia (by results of consideration of offers of departments, departments - the national banks of head department of the Bank of Russia received according to the procedure, determined by internal administrative documents of head department of the Bank of Russia (further - offers of departments, departments - national banks), prepares the offer on conducting check of structural division of credit institution, supervision of which activities exercises this head department of the Bank of Russia or supervision of activities of which head office exercises this head department of the Bank of Russia, and sends it for approval in the head department of the Bank of Russia exercising supervision of activities of head office of this credit institution or exercising supervision of activities of this structural division of credit institution respectively.

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