INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 3, 2018 No. 4788-U

About requirements to the measures applied by self-regulatory organization in the field of the financial market for non-compliance with the Federal Law by the microcredit companies of July 2, 2010 No. 151-FZ "About microfinancial activities and the microfinancial organizations" and the regulations of the Bank of Russia adopted according to it and the established internal standard of self-regulatory organization

This Instruction based on part 3 of article 7.2 of the Federal Law of July 2, 2010 No. 151-FZ "About microfinancial activities and the microfinancial organizations" (The Russian Federation Code, 2010, No. 27, Art. 3435; 2011, No. 27, Art. 3880; No. 49, Art. 7040; 2013, No. 26, Art. 3207; No. 30, Art. 4084; No. 51, Art. 6683, Art. 6695; 2014, No. 26, Art. 3395; 2015, No. 27, Art. 4001; No. 29, Art. 4357; 2016, No. 1, Art. 27; No. 27, Art. 4163, Art. 4225; 2017, No. 18, Art. 2669; No. 31, of the Art. 4830) (further - the Federal Law "About Microfinancial Activities and the Microfinancial Organizations") establishes requirements to the measures (including the sizes of penalties) applied by the self-regulatory organization in the field of the financial market combining the microfinancial organizations (further - self-regulatory organization), for non-compliance with the requirements by the microcredit companies (further - requirements) established by the Federal Law "About Microfinancial Activities and the Microfinancial Organizations" and regulations of the Bank of Russia adopted according to it, and the established internal standard of self-regulatory organization (further - corrective actions).

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