FEDERAL LAW OF THE RUSSIAN FEDERATION

of July 3, 2016 No. 362-FZ

About introduction of amendments to articles 72 and 73 of the Federal law "About the Central Bank Russian Federation (Bank of Russia)" and article 33 of the Federal law "About Banks and Banking Activity"

Accepted by the State Duma on June 15, 2016

Approved by the Federation Council on June 29, 2016

Article 1

Bring in the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; 2007, No. 1, Art. 10; 2011, No. 27, Art. 3873; 2013, No. 27, Art. 3438; 2014, No. 52, Art. 7543) following changes:

1) in Article 72:

a) the fourth after the word of "liabilities" to add part with words ", including sufficiency of the reserves created under risks";

b) add with part nine of the following content:

"For the purpose of assessment of assets and liabilities of credit institution, including sufficiency of the reserves created under risks, the Bank of Russia in the procedure established by it carries out the expertize of subject of the pledge accepted by credit institution as providing according to the loan, including establishment of the actual availability of subject of pledge and its survey, establishment of legal status of subject of pledge, and also judgment of the cost of subject of the pledge which is taken out based on federal standards of assessment, the stipulated in Article 20 Federal Laws of July 29, 1998 No. 135-FZ "About estimative activities in the Russian Federation". The credit institution creates the specified reserves taking into account results of the expertize of subject of pledge which is carried out by the Bank of Russia.";

Article 73 to add 2) with parts eight - the tenth the following content:

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