FEDERAL LAW OF THE RUSSIAN FEDERATION

of August 8, 2024 No. 254-FZ

About modification of separate legal acts of the Russian Federation

Accepted by the State Duma on July 24, 2024

Approved by the Federation Council on August 2, 2024

Article 1

Bring in Item 2 of article 7 of the Federal Law of August 7, 2001 No. 115-FZ "About counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing" (The Russian Federation Code, 2001, No. 33, Art. 3418; 2002, No. 44, Art. 4296; 2004, No. 31, Art. 3224; 2006, No. 31, Art. 3446; 2007, No. 16, Art. 1831; No. 49, Art. 6036; 2009, No. 23, Art. 2776; 2010, No. 30, Art. 4007; 2011, No. 27, Art. 3873; No. 46, Art. 6406; 2013, No. 26, Art. 3207; No. 52, Art. 6968; 2014, No. 19, Art. 2315; No. 23, Art. 2934; No. 30, Art. 4219; 2015, No. 1, Art. 37; No. 18, Art. 2614; No. 24, Art. 3367; No. 27, Art. 3945, 4001; 2016, No. 1, Art. 27, 43, 44; No. 26, Art. 3860; No. 27, Art. 4196; 2017, No. 31, Art. 4830; 2018, No. 1, Art. 54, 66; No. 18, Art. 2560, 2576; No. 53, Art. 8491; 2019, No. 12, Art. 1222, 1223; No. 27, Art. 3534, 3538; No. 30, Art. 4152; No. 31, Art. 4418, 4430; No. 49, Art. 6953; No. 51, Art. 7490; No. 52, Art. 7798; 2020, No. 9, Art. 1138; No. 15, Art. 2239; No. 29, Art. 4518; No. 30, Art. 4738; No. 31, Art. 5018; 2021, No. 1, Art. 18, 75; No. 9, Art. 1469; No. 24, Art. 4183; No. 27, Art. 5061, 5094, 5171, 5183; No. 47, Art. 7739; No. 52, Art. 8982; 2022, No. 1, Art. 52; No. 16, Art. 2613; No. 27, Art. 4620; No. 29, Art. 5298; 2023, No. 1, Art. 16, 54; No. 12, Art. 1887, 1889; No. 18, Art. 3242; No. 25, Art. 4449; No. 29, Art. 5316, 5326; No. 43, Art. 7602; 2024, No. 12, Art. 1569; No. 23, Art. 3057, 3060) following changes:

1) in the paragraph the thirteenth the second offer to exclude;

2) the paragraph the sixteenth after words "microfinance companies" to add with words "credit consumer cooperatives,".

Article 2

Bring in the Federal Law of July 18, 2009 No. 190-FZ "About credit cooperation" (The Russian Federation Code, 2009, No. 29, Art. 3627; 2011, No. 48, Art. 6728; No. 49, Art. 7040; 2013, No. 30, Art. 4084; No. 44, Art. 5640; No. 51, Art. 6695; 2015, No. 27, Art. 4001; No. 29, Art. 4357; 2016, No. 27, Art. 4225; 2019, No. 49, Art. 6953; 2020, No. 29, Art. 4506; 2021, No. 27, Art. 5171; 2023, No. 32, Art. 6149, 6154, 6174) following changes:

1) regarding 3rd Article 1:

a) Item 2 has the right to implementation of activities of credit cooperative and the data add with words "which is created in form of business of consumer cooperative, about which are entered by the Bank of Russia in the state register of credit cooperatives";

b) in Item 14 of the word "credit cooperative;" shall be replaced with words "credit cooperative. The size of payenakopleniye (share) of the member of credit cooperative (unitholder) cannot be less than the size of obligatory share determined by the charter of credit cooperative;";

2) Article 3 to add with part 1.1 following of content:

"1.1. Legal entities, not being the credit cooperatives having no right to perform activities for the organization of financial mutual assistance of the members according to this Federal Law.";

3) in Article 5:

a) in part 2:

state item 4 in the following edition:

"4) is conducted by the state register of credit cooperatives according to the procedure, established by this Federal Law and the regulation of the Bank of Russia;";

declare Item 8 invalid;

add with Items 8.3 and 8.4 of the following content:

"8. 3) places the data containing in the state register of credit cooperatives on the official site of the Bank of Russia on the Internet and provides the specified information to interested persons;

8. 4) excludes data on availability at credit cooperative of the right to implementation of activities of credit cooperative from the state register of credit cooperatives for the bases provided by this Federal Law;";

b) to declare Item 9 of part 3 invalid;

c) state part 5 in the following edition:

"5. Data on the instructions directed by the Bank of Russia, stipulated in Item 7 parts 3 of this Article and limiting activities of credit cooperative, are posted by the Bank of Russia on the official site of the Bank of Russia on the Internet. The credit cooperative which received the instruction of the Bank of Russia, stipulated in Item 7 parts 3 of this Article and limiting activities of credit cooperative, shall place data on this instruction in places of customer service and on the official site on the Internet (in the presence) no later than the day following behind day of receipt of such instruction.";

4) in Article 6:

a) add with part 1.2 following of content:

"1.2. Credit cooperative, members (unitholders) of which are the physical persons having no right to grant loans to the credit institutions and not credit financial credit institutions which are members of such credit cooperative (unitholders).";

b) state part 4 in the following edition:

"4. The credit cooperative shall observe financial standard rates:

1) sufficiency of own means;

2) current liquidity;

3) the maximum extent of risk on one member of credit cooperative (unitholder) or group of the connected members of credit cooperative (unitholders);

4) balances of activities;

5) long-term liquidity.";

c) add with part 5.1 following of content:

"5.1. In case of the bases for application of measures for the prevention of bankruptcy of credit cooperative from the moment of receipt of the plan of recovery of solvency of credit cooperative by the Bank of Russia on condition of compliance of such plan to requirements of the Federal Law of October 26, 2002 to No. 127-FZ "About insolvency (bankruptcy)" and regulations of the Bank of Russia, and also on condition of execution of the measures provided by such plan before the end of their application the Bank of Russia has the right not to apply to the specified credit cooperative of corrective action for violation of the financial standard rates established by this Federal Law and regulations of the Bank of Russia.";

d) add with part 10 of the following content:

"10. In case of availability at credit cooperative of the obligations which arose in connection with attraction of money of members by credit cooperative of credit cooperative (unitholders) for loan agreements and agreements of transfer of personal savings, such credit cooperative without fail creates reserve fund which size shall constitute at least 5 percent from the size of the general size of debt on the amount of principal debt formed in connection with such attraction. The reserve fund of credit cooperative is subject to distribution between members of credit cooperative (unitholders) only in case of liquidation of credit cooperative.";

5) in Article 6.1:

a) shall be replaced with words the words "Credit Cooperative" "1. Credit cooperative";

b) add with part 2 following of content:

"2. If the credit cooperative which number of members does not exceed three thousand physical and (or) legal entities has the official site on the Internet, his domain name shall enter one of groups of the domain names constituting the Russian national domain zone, and this credit cooperative shall be the owner of this official site.";

6) in Chapter 2:

a) state the name in the following edition:

"Chapter 2. Creation of credit cooperative, acquisition of right (termination) of the right to implementation of activities of credit cooperative, reorganization and liquidation of credit cooperative";

b) in Article 7:

state the name in the following edition:

"Article 7. Creation of credit cooperative and acquisition of right by the legal entity of the right to implementation of activities of credit cooperative";

regarding 2 words "The Credit Cooperative Can" shall be replaced with words "Credit cooperative, except for credit cooperative of the second level, can";

regarding 3.1 words "this Article" shall be replaced with words "part 3.2 of this Article";

state part 3.2 in the following edition:

"3.2. The credit cooperative within three years from the date of acquisition of right to implementation of activities of credit cooperative has the right to perform activities for the territorial principle of consolidation of members of credit cooperative (unitholders) in the territories of one or two adjoining municipalities determined by the charter of credit cooperative. The credit cooperative after three years from the date of acquisition of right to implementation of activities of credit cooperative has the right to perform activities for the territorial principle of consolidation of members of credit cooperative (unitholders) in the territories of one or two adjoining subjects of the Russian Federation determined by the charter of credit cooperative.";

state part 6 in the following edition:

"6. Full name of credit cooperative shall contain the phrase "credit consumer cooperative". The abbreviated name of credit cooperative (in the presence) shall contain the phrase "credit consumer cooperative" or abbreviation of PDA. Full name of credit cooperative of the second level shall contain the phrase "credit consumer cooperative of the second level". The abbreviated name of credit cooperative of the second level (in the presence) shall contain the phrase "credit consumer cooperative of the second level" or the words "PDA of the Second Level".";

in part 8 of the word "in the procedure established by this Federal Law" to exclude;

add with parts 9 - 31 following content:

"9. The newly created legal entity who is registered in form of business of consumer cooperative and which charter provides the data specified regarding 1 article 8 of this Federal Law has the right to acquire the right to implementation of activities of credit cooperative.

10. The right to implementation of activities of credit cooperative arises at person specified in part 9 of this Article from the date of introduction by the Bank of Russia of information about this person and about availability at it such right in the state register of credit cooperatives.

11. Prior to the day of introduction by the Bank of Russia of the data specified in part 10 of this Article into the state register of credit cooperatives person specified in part 9 of this Article has no right:

1) to accept new members of credit cooperative (unitholders);

2) to grant loans (including consumer loans) to the members based on the loan agreements (including agreements of consumer loan) signed between credit cooperative and the borrower, according to the procedure, No. 353-FZ provided by this Federal Law and the Federal Law of December 21, 2013 "About consumer loan (loan)";

3) to raise money based on the loan agreements signed with legal entities, and agreements of transfer of the personal savings signed with physical persons according to the procedure, provided by this Federal Law;

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