INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 7, 2024 No. 6724-U

About recognition No. 1842-U which voided Instructions of the Bank of Russia of June 20, 2007 "About procedure of banking activities on money transfer at the request of physical persons without opening of bank accounts by it credit institutions with participation of the commercial organizations which are not credit institutions"

Based on article 7 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" 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 April 12, 2024 No. PSD-10):

1. Declare invalid the Instruction of the Bank of Russia of June 20, 2007 No. 1842-U "About procedure of banking activities on money transfer at the request of physical persons without opening of bank accounts by it credit institutions with participation of the commercial organizations which are not credit institutions" <1>.

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<1> It is registered by the Ministry of Justice of the Russian Federation on July 5, 2007, registration No. 9756.

2. This Instruction becomes effective after 10 days after day of its official publication.

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