INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 20, 2017 No. 4423-U

About modification of Item 17 of the Instruction of the Bank of Russia of February 22, 2017 No. 4297-U "About procedure for investment of means of insurance reserves and the list of the assets permitted for investment"

1. Based on Item 5 of article 26 of the Law of the Russian Federation of November 27, 1992 No. 4015-1 "About the organization of insurance case in the Russian Federation" (Sheets of the Congress of People's Deputies of the Russian Federation and the Supreme Council of the Russian Federation, 1993, No. 2, Art. 56; Russian Federation Code, 1998, No. 1, Art. 4; 1999, No. 47, Art. 5622; 2002, No. 12, Art. 1093; No. 18, Art. 1721; 2003, No. 50, Art. 4855, Art. 4858; 2004, No. 30, Art. 3085; 2005, No. 10, Art. 760; No. 30, Art. 3101, Art. 3115; 2007, No. 22, Art. 2563; No. 46, Art. 5552; No. 49, Art. 6048; 2009, No. 44, Art. 5172; 2010, No. 17, Art. 1988; No. 31, Art. 4195; No. 49, Art. 6409; 2011, No. 30, Art. 4584; No. 49, Art. 7040; 2012, No. 53, Art. 7592; 2013, No. 26, Art. 3207; No. 30, Art. 4067; No. 52, Art. 6975; 2014, No. 23, Art. 2934; No. 30, Art. 4224; No. 45, Art. 6154; 2015, No. 10, Art. 1409; No. 27, Art. 3946, Art. 4001; No. 29, Art. 4357, Art. 4385; No. 48, Art. 6715; 2016, №1, of Art. 52; No. 22, Art. 3094; No. 26, Art. 3863, Art. 3891; No. 27, the Art. 4225, the Art. 4294, the Art. 4296), article 20 of the Federal Law of November 29, 2007 No. 286-FZ "About mutual insurance" (The Russian Federation Code, 2007, No. 49, Art. 6047; 2012, No. 53, Art. 7619; 2013, No. 30, Art. 4084; 2014, No. 45, Art. 6154; 2015, No. 29, Art. 4362; 2016, No. 22, Art. 3094; No. 27, of the Art. 4225) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of June 16, 2017 No. 13) Item 17 of the Instruction of the Bank of Russia of February 22, 2017 No. 4297-U "About procedure for investment of means of insurance reserves and the list of the assets permitted for investment", No. 46680 registered by the Ministry of Justice of the Russian Federation on May 11, 2017 (further - the Instruction of the Bank of Russia No. 4297-U) to add with the paragraph of the following content:

"Requirements of paragraphs two and the fourth subitem 7.1 of Item 7 of this Instruction are not applied to the securities specified in subitems 6. 2, 6.3 and 6.5 Items 6 of this Instruction in which till July 13, 2017 inclusive the insurer invested means of insurance reserves or own means (capital).".

2. This Instruction is subject to official publication and becomes effective since July 14, 2017.

3. The paragraph two of Item 17 of the Instruction of the Bank of Russia No. 4297-U is effective till July 1, 2018.

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