INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 23, 2019 No. 5236-U

About the list obligatory for development by the self-regulatory organizations in the field of the financial market combining agricultural credit consumer cooperatives, basic standards and requirements to their content and also about the list of transactions (content of types of activity) of agricultural credit consumer cooperatives in the financial market, standardization subjects

This Instruction based on part 2 of article 5 of the Federal Law of July 13, 2015 No. 223-FZ "About self-regulatory organizations in the field of the financial market" (The Russian Federation Code, 2015, No. 29, Art. 4349; 2016, No. 27, Art. 4225; 2017, No. 52, Art. 7920; 2018, No. 1, Art. 10; No. 49, of the Art. 7524) establishes the list obligatory for development by the self-regulatory organizations in the field of the financial market combining agricultural credit consumer cooperatives, basic standards and the requirement to their content and also the list of transactions (content of types of activity) of agricultural credit consumer cooperatives in the financial market, standardization subjects.

1. The self-regulatory organizations in the field of the financial market combining agricultural credit consumer cooperatives (further respectively - self-regulatory organizations of credit cooperatives, credit cooperatives), shall develop the following basic standards:

on risk management;

corporate management;

protection of the rights and interests of physical persons and legal entities - receivers of the financial services rendered by members of self-regulatory organizations of credit cooperatives (further - the basic standard of protection of the rights and interests of receivers of services of credit cooperatives);

making of transactions in the financial market.

2. The basic standard on risk management developed by self-regulatory organizations of credit cooperatives shall contain following provisions.

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