INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 29, 2022 No. 6178-U

About modification of the Instruction of the Bank of Russia of January 20, 2020 No. 5391-U

Based on article 76.4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" <1>, Item 5 of part 4 of article 14 of the Federal Law of July 2, 2010 No. 151-FZ "About microfinancial activities and the microfinancial organizations" <2> 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 June 24, 2022 No. PSD-44):

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<1> Russian Federation Code, 2002, No. 28, Art. 2790; 2013, No. 30, Art. 4084.

<2> Russian Federation Code, 2010, No. 27, Art. 3435; 2016, No. 1, Art. 27.

1. Bring in the Instruction of the Bank of Russia of January 20, 2020 No. 5391-U "About procedure for forming by the microfinancial organizations of reserves on possible losses on loans" <3> the following changes:

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<3> It is registered by the Ministry of Justice of the Russian Federation on February 25, 2020, registration No. 57599.

1.1. In Item 5:

in subitem 5.9 of the word "obligations under such agreement are properly performed by the borrower" shall be replaced with words "payments on account of obligation fulfillment of the borrower according to the loan agreement arrive the microfinancial organization without violation of the amount and terms provided by the payment schedule according to the loan agreement";

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