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Ministry of Justice

Russian Federation

On December 22, 2015 No. 40193

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 1, 2015 No. 3869-U

About modification of the Provision of the Bank of Russia of August 6, 2015 No. 483-P "About procedure of payments of size of credit risk on the basis of internal ratings"

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 November 27, 2015 No. 35) to bring in the Provision of the Bank of Russia of August 6, 2015 No. 483-P "About procedure of payments of size of credit risk on the basis of internal ratings", registered by the Ministry of Justice of the Russian Federation on September 25, 2015 No. 38996 ("the Bulletin of the Bank of Russia" of September 29, 2015 No. 81), the following changes.

1.1. In Item 1.1 of the word "Item 2.3" shall be replaced with words "Items 2.3 and 2.6".

1.2. To state paragraph two of Item 1.13 in the following edition:

"concerning segments of credit requirements and (or) structural divisions of bank which are insignificant from the point of view of their size and risk level, or in case of the small number of borrowers which is not allowing to create the model of quantitative assessment of credit risk meeting requirements of the Section IV of this provision;".

1.3. Add Item 1.14 with the offer of the following content: "Use of PPVR in respect of subclass of financing of real estate objects from non-residential fund with unstable price parameters is possible on condition of simultaneous use of PPVR in respect of subclass of financing of the revenue-producing real estate.".

1.4. State Item 1.16 in the following edition:

"1.16. Transition to the standardized approach to calculation of size of credit risk for classes (segments) of credit requirements concerning which the bank gets permission to application of TAC and also transition from PPVR to BPVR is possible only after receipt of permission of the Bank of Russia.".

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