INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 9, 2018 No. 4682-U

About modification of the Instruction of the Bank of Russia of February 22, 2017 No. 4298-U "About procedure for investment of own means (capital) for the insurer and the list of the assets permitted for investment"

1. Based on Item 2 of article 25 of the Law of the Russian Federation of November 27, 1992 No. 4015-1 "About the organization of insurance case in the Russian Federation" (Sheets of the Congress of People's Deputies of the Russian Federation and the Supreme Council of the Russian Federation, 1993, No. 2, Art. 56; Russian Federation Code, 1998, No. 1, Art. 4; 1999, No. 47, Art. 5622; 2002, No. 12, Art. 1093; No. 18, Art. 1721; 2003, No. 50, Art. 4855, Art. 4858; 2004, No. 30, Art. 3085; 2005, No. 10, Art. 760; No. 30, Art. 3101, Art. 3115; 2007, No. 22, Art. 2563; No. 46, Art. 5552; No. 49, Art. 6048; 2009, No. 44, Art. 5172; 2010, No. 17, Art. 1988; No. 31, Art. 4195; No. 49, Art. 6409; 2011, No. 30, Art. 4584; No. 49, Art. 7040; 2012, No. 53, Art. 7592; 2013, No. 26, Art. 3207; No. 30, Art. 4067; No. 52, Art. 6975; 2014, No. 23, Art. 2934; No. 30, Art. 4224; No. 45, Art. 6154; 2015, No. 10, Art. 1409; No. 27, Art. 3946, Art. 4001; No. 29, Art. 4357, Art. 4385; No. 48, Art. 6715; 2016, №1, of Art. 52; No. 22, Art. 3094; No. 26, Art. 3863, Art. 3891; No. 27, Art. 4225, Art. 4294, Art. 4296; 2017, No. 31, Art. 4754; "The official Internet portal of legal information" (www.pravo.gov.ru), on December 31, 2017) and 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 December 22, 2017 No. 35) to bring in the Instruction of the Bank of Russia of February 22, 2017 No. 4298-U "About procedure for investment of own means (capital) for the insurer and the list of the assets permitted for investment", registered by the Ministry of Justice of the Russian Federation on May 10, 2017 No. 46648, on July 11, 2017 No. 47363, the following changes.

1.1. The paragraph one of Item 5 after the words "on September 9, 2015 No. 38865," to add with the words "on March 2, 2017 No. 45826, on August 1, 2017 No. 47610 (further-the Instruction of the Bank of Russia No. 3743-U)".

1.2. In Item 7:

in subitem 7.5:

in paragraph one "banks" shall be replaced with words the word "credit institutions";

in the paragraph the second shall be replaced with words the words "Concerning Subordinated Deposits Banks in Which Such Deposits Are Placed Shall Have" "Subordinated deposits shall be placed in the banks having";

the paragraph the fourth subitem 7.13 after the word "is" to add with words "the central partner or";

in subitem 7.14:

third to add the paragraph with words "(except for repurchase agreements)";

the fourth to declare the paragraph invalid.

1.3. In subitem 8.5 of Item 8 "banks" shall be replaced with words the word "credit institutions".

1.4. The fifth Item 11 to declare the paragraph invalid.

1.5. State Item 18 in the following edition:

"18. The size of own means (capital) of the insurer specified in Item of 1 this Instruction for the period till January 1, 2022 decreases by the size of adjustment of insurance reserves determined according to the paragraph third Item 5 of the Instruction of the Bank of Russia No. 3743-U.".

1.6. In appendix:

in the column of 2 lines 4, of 5, "banks" shall be replaced with words the 6th word "credit institutions";

in the column 2 of line 7 of the word "one bank" shall be replaced with words "one credit institution";

in the column 22 words "one bank" shall be replaced with words 2 lines "one credit institution", "the same bank" shall be replaced with words words "the same credit institution".

2. This Instruction becomes effective after 10 days after day of its official publication <1>.

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<1> It is officially published on the website of the Bank of Russia 12.02.2018.

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