FEDERAL LAW OF THE RUSSIAN FEDERATION

of June 11, 2021 No. 192-FZ

About modification of separate legal acts of the Russian Federation

Accepted by the State Duma on May 19, 2021

Approved by the Federation Council on June 2, 2021

Article 1

Bring in the Federal Law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492) following changes:

Article 6 to add 1) with parts three and the fourth the following content:

"The credit institution operating on its own behalf during transaction with physical person on paid alienation of securities in case of the conclusion of the agreements which are derivative financial instruments when implementing actions as a result of which the physical person becomes the insured face under the agreement of personal insurance signed for the purpose of ensuring execution of its obligations on consumer loan (I will borrow), or acting on behalf and (or) at the request of not credit financial credit institution in case of the conclusion with physical person of agreements on rendering financial services, shall provide to such physical person reliable information about this agreement (transaction), including his (her) conditions and risks connected with his (her) execution. The minimum (standard) requirements to amount and contents of the provided information are established by the standard of protection of the rights and legitimate interests of receivers of banking services, the stipulated in Article 24.1 presents of the Federal Law, and (or) the regulation of the Bank of Russia. The specified information shall be provided in writing on paper or electronically. The Bank of Russia has the right to establish form, methods and procedure for provision of the specified information.

In case of non-execution of the obligations provided by part three of this Article, the Bank of Russia the measures provided by the Federal Law "About the Central Bank Russian Federation (Bank of Russia)" can be applied to credit institution.";

To add 2) with Article 24.1 of the following content:

"Article 24.1. Standards of activities of credit institutions

The relations between credit institutions, and also between credit institutions and their clients can be regulated in addition to regulations of the Federal Laws and the regulations of the Bank of Russia adopted according to them by standards of activities of credit institutions, developed, approved and approved according to requirements of the Federal Law of July 13, 2015 No. 223-FZ "About self-regulatory organizations in the field of the financial market" (further - standards of activities of credit institutions). The standards of protection of the rights and legitimate interests of receivers of banking services including rules of provision (disclosure) of information to consumers of banking services about service and about person presenting her and notifications on the risks connected with the specified service, standards of making of transactions in the financial market and the standard of corporate management belong to standards of activities of credit institutions.

Standards of activities of credit institutions shall not contradict the legislation of the Russian Federation and regulations of the Bank of Russia and are effective in the part which is not contradicting the legislation of the Russian Federation and regulations of the Bank of Russia for date of their application.".

Article 2

Item 3 of article 3 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; 2003, No. 50, Art. 4858; 2013, No. 30, Art. 4067; 2014, No. 30, Art. 4224; 2015, No. 27, Art. 3946; 2016, No. 26, Art. 3891; No. 32, the Art. 5113) to add 2018, with the paragraph of the following content:

"The insurer acting independently or with attraction of insurance agent or insurance broker which act for the benefit of the insurer including with use of financial platform according to the Federal Law "About Making of Financial Transactions with Use of Financial Platform", shall provide to the physical person having intention to sign the insurance contract, reliable information about such agreement, including on its conditions and risks connected with its execution. The minimum (standard) requirements to amount and contents of the provided information are established by the basic standard of protection of the rights and interests of physical persons and legal entities - receivers of the financial services rendered by members of the self-regulatory organizations in the field of the financial market combining insurance companies which is developed, approved and approved according to requirements of the Federal Law of July 13, 2015 No. 223-FZ "About self-regulatory organizations in the field of the financial market", and (or) the regulation of the Bank of Russia. The specified information shall be provided in writing on paper or electronically. The body of insurance supervision has the right to establish form, methods and procedure for provision of the specified information.".

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