INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 9, 2015 No. 3787-U

About modification of the Instruction of the Bank of Russia of July 21, 2014 No. 3329-U "About requirements to own means of professional participants of the security market and managing companies of investment funds, mutual investment funds and non-state pension funds"

1. According to 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 August 31, 2015 No. 25) to bring in the Instruction of the Bank of Russia of July 21, 2014 No. 3329-U "About requirements to own means of professional participants of the security market and managing companies of investment funds, mutual investment funds and non-state pension funds", registered by the Ministry of Justice of the Russian Federation on August 15, 2014 No. 33608 ("the Bulletin of the Bank of Russia" of August 27, 2014 No. 75), the following changes.

1.1. State Item 2 in the following edition:

"2. The minimum size of own means of professional participants of the security market is calculated in the following procedure:

MRSS = X x NDSS,

where:

MRSS - the minimum size of own means;

NDSS - the standard rate of sufficiency of own means;

X - the constant equal to 2 million rubles. For depositaries size X is calculated by the following formula:

where:

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