INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of October 27, 2016 No. 4170-U

About modification of the Instruction of the Bank of Russia of November 6, 2014 No. 3439-U "About procedure for recognition of credit institutions by the Bank of Russia significant in the market of payment services"

1. Bring in the Instruction of the Bank of Russia of November 6, 2014 No. 3439-U "About procedure for recognition of credit institutions by the Bank of Russia significant in the market of payment services", registered by the Ministry of Justice of the Russian Federation on December 3, 2014 No. 35075 ("the Bulletin of the Bank of Russia" of December 16, 2014 No. 111), the following changes.

1.1. Add with Item 5.1 of the following content:

"5.1. In case of response (cancellation) by the Bank of Russia of the license for banking operations or changes of the name of the credit institution which is earlier recognized by the Bank of Russia significant in the market of payment services and included in the Register, the Bank of Russia within 10 working days from the date of introduction of data on withdrawal (cancellation) of the license of credit institution about change of the name credit the organizations in the Book of state registration of credit institutions prepares the relevant information for the Register which is subject to placement on the official site of the Bank of Russia on the Internet and to official publication.".

1.2. Declare Item 7 invalid.

2. This Instruction becomes effective after 10 days after day of its official publication.

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