FEDERAL LAW OF THE RUSSIAN FEDERATION

of December 14, 2015 No. 372-FZ

About introduction of amendments to articles 16 and 18 of the Federal law "About Banks and Banking Activity"

Accepted by the State Duma on December 4, 2015

Approved by the Federation Council on December 9, 2015

Bring in the Federal Law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 2001, No. 26, Art. 2586; 2002, No. 12, Art. 1093; 2006, No. 19, Art. 2061; 2007, No. 1, Art. 9; 2011, No. 27, Art. 3873; 2013, No. 11, Art. 1076; No. 19, Art. 2317; No. 27, Art. 3438, 3477; No. 40, Art. 5036; 2014, No. 52, Art. 7543) following changes:

Part one of Article 16 to add 1) with Item 7 of the following content:

"7) availability of the bases, stipulated in Article the 18th this Federal Law.";

Article 18 to state 2) in the following edition:

"Article 18. Additional requirements to creation and activities of credit institutions with foreign investments (investments of nonresidents)

The amount of participation of the foreign capital in the aggregate authorized capital of the credit institutions having the license for banking operations is calculated as ratio of foreign investments of nonresidents in the authorized capital of the credit institutions having the license for banking operations, and the aggregate authorized capital of the specified credit institutions.

Calculation of foreign investments in the authorized capital of the credit institutions having the license for banking operations does not join foreign investments:

1) performed in the authorized capital of the credit institutions having the license for banking operations, and financed by the profit of the specified credit institutions received in the Russian Federation or repatriated to the Russian Federation from abroad;

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