INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 27, 2017 No. 4622-U

About modification of the Provision of the Bank of Russia of October 17, 2014 No. 437-P "About activities for carrying out the organized biddings"

1. Based on Items 3, 4, 14 - 16 parts 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) to bring in the Provision of the Bank of Russia of October 17, 2014 No. 437-P "About activities for carrying out the organized biddings", registered by the Ministry of Justice of the Russian Federation on December 30, 2014 No. 35494, the following changes:

1.1. In Item 1.1:

the paragraph one to state in the following edition:

"1.1. For the purpose of the admission of persons specified in parts 1 - 5.1 articles 16 of the Federal law "About the Organized Biddings", to participation in the organized biddings, and also for the purpose of provision of opportunity according to the conclusion of agreements at the organized biddings for the benefit of clients of the bidders and clients who are clients of the broker or the trustee who, in turn, are the bidder's clients (further - the client of the second level) (further in case of joint mentioning - the registered persons), the organizer of trade performs the procedures directed to establishment of compliance of specified persons to requirements to the bidders provided by rules of the organized biddings and also their registration. At the same time when carrying out the organized biddings by goods the organizer of trade registers clients of the second level in the cases provided by rules of the organized biddings.";

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