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Ministry of Justice

Russian Federation

On November 21, 2024 No. 80280

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 30, 2024 No. 6879-U

About procedure for forming by non-bank credit institutions - the central partners, credit institutions - settlement depositaries of reserves on possible losses according to separate requirements in the conditions of action of measures of restrictive nature

This Instruction based on parts one and the second article 24 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) 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 September 25, 2024 No. PSD-31) establish procedure for forming by non-bank credit institutions - the central partners, credit institutions - settlement depositaries of reserves on possible losses according to separate requirements in the conditions of action of the measures of restrictive nature entered by foreign state, national association and (or) the union and (or) the public (interstate) institution of foreign state or national association and (or) union concerning the Russian Federation, citizens of the Russian Federation or the Russian legal entities.

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