INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 29, 2022 No. 6275-U

About procedure for reduction in compliance of the size of the authorized capital and size of own means (capital) of insurance company

This Instruction based on the subitem 7 of Item 1 of Article 4. 1, Item 6 of article 25 of the Law of the Russian Federation of November 27, 1992 No. 4015-I "About the organization of insurance case in the Russian Federation" <1> establishes procedure for reduction by insurance company in compliance of the size of the authorized capital and size of own means (capital) if the size of own means (capital) of insurance company determined according to Item 2 of article 25 of the Law of the Russian Federation of November 27, 1992 No. 4015-I "About the organization of insurance case in the Russian Federation" <2> following the results of the last accounting period appears lower than the size of the paid authorized capital determined by its charter.

--------------------------------

<1> Sheets of the Congress of People's Deputies of the Russian Federation and 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; 2018, No. 18, Art. 2557.

<2> Sheets of the Congress of People's Deputies of the Russian Federation and Supreme Council of the Russian Federation, 1993, No. 2, Art. 56; Russian Federation Code, 1998, No. 1, Art. 4; 2021, No. 27, Art. 5171.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info