INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 30, 2016 No. 4027-U

About the list obligatory for development by the self-regulatory organizations in the field of the financial market combining the microfinancial organizations, credit consumer cooperatives, basic standards and requirements to their content, and also the list of transactions (content of the types of activity) in the financial market which are subject to standardization depending on type of activity of the financial organizations

This Instruction based on part 2 of article 5 of the Federal Law of July 13, 2015 No. 223-FZ "About self-regulatory organizations in the field of the financial market" establishes the list obligatory for development by the self-regulatory organizations in the field of the financial market (further - self-regulatory organizations) combining the microfinancial organizations, credit consumer cooperatives, basic standards and the requirement to their content and also the list of transactions (content of the types of activity) in the financial market which are subject to standardization depending on type of activity of the financial organizations.

Chapter 1. The list obligatory for development of basic standards by self-regulatory organizations

1.1. The self-regulatory organizations combining the microfinancial organizations shall develop basic standards:

on risk management;

making of transactions in the financial market;

protection of the rights and interests of physical persons and legal entities - receivers of the financial services rendered by members of the self-regulatory organizations combining the microfinancial organizations.

1.2. The self-regulatory organizations combining credit consumer cooperatives shall develop basic standards:

on risk management;

corporate management;

making of transactions in the financial market;

protection of the rights and interests of physical persons and legal entities - receivers of the financial services rendered by members of the self-regulatory organizations combining credit consumer cooperatives.

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