INFORMATION LETTER OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 25, 2013

About the publication of decisions of the Bank of Russia on restriction, suspension, renewal of action and revocation of licenses of subjects of insurance case, except for insurance actuaries

According to Item 1 of the Presidential decree of the Russian Federation of 25.07.2013 No. 645 "About abolition of the Federal Service for Financial Markets, change and recognition voided some acts of the President of the Russian Federation" from 01.09.2013 the Federal Service for Financial Markets is abolished.

From 01.09.2013 according to Item 9.1 of article 4 of the Federal Law of 10.07.2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (further - the Law on the Bank of Russia) the Bank of Russia exercises regulation, control and supervision of activities of not credit financial credit institutions according to the Federal Laws which according to article 76.1 of the Law on the Bank of Russia treat including subjects of insurance case.

According to Item 3 of article 30 of the Law of the Russian Federation of 27.11.1992 No. 4015-1 "About the organization of insurance case in the Russian Federation" the body of insurance supervision (Bank of Russia) publishes in publication acts of restriction, of suspension or of renewal of action of the license for implementation of insurance activity, acts of revocation of license on implementation of insurance activity.

According to article 7 of the Law on the Bank of Russia the official publication of the Bank of Russia is "the Bulletin of the Bank of Russia" in which all acts obligatory for federal bodies of the government, public authorities of subjects of the Russian Federation and local government bodies, all legal entities and physical persons are published.

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