INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 7, 2018 No. 4792-U

About requirements to procedure organizer of trade of internal control and internal audit

Based on part 4 Articles 14, Item 13 of part 1 of article 25 of the Federal Law of November 21, 2011 No. 325-FZ "About the organized biddings" (The Russian Federation Code, 2011, No. 48, Art. 6726; 2012, No. 53, Art. 7607; 2013, No. 30, Art. 4084; No. 51, Art. 6699; 2015, No. 27, Art. 4001; No. 29, Art. 4357; 2016, No. 1, Art. 47, Art. 48; No. 27, Art. 4225; 2017, No. 30, of the Art. 4456) (further - the Federal Law "About the Organized Biddings") this Instruction establishes requirements to procedure the organizer of trade of internal control and internal audit.

Chapter 1. General provisions

1.1. Within implementation of internal control and internal audit the organizer of trade with observance of requirements of this Instruction shall create organizational structure which corresponds to amount and nature of the performed transactions inherent in the level and combination in activities of the organizer of trade of risks, including to determine set of governing bodies, structural divisions and officials, including the controller (service of internal control) and the internal auditor (service of internal audit) providing control of compliance of the activities performed by the organizer of trade based on the license of the exchange or the license of trade system, to requirements of the Federal Laws and the regulations adopted according to them, rules of the organized biddings, and also constituent and internal documents of the organizer of trade, efficiency and effectiveness of financial and economic activities, effective management of assets and liabilities including ensuring safety of assets, effective management of risks of the organizer of trade, and also set of the directions and methods of control.

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