Category: Russian Finance

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Collection of cash, bills of exchange, payment and settlement documents and cash services for individuals and legal entities.

Purchase and sale of foreign currency in cash and non-cash forms.

Carrying out money transfers without opening bank accounts, including electronic money (except for postal money orders).

Carrying out transfers of funds on behalf of individuals and legal entities, including correspondent banks, through their bank accounts.

Opening and maintaining bank accounts for individuals and legal entities.

Attracting funds from individuals and legal entities into deposits (on demand and for a specified period).

Placement of funds attracted into deposits (on demand and for a specified period) of individuals and legal entities on their own behalf and at their own expense.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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1. Study the necessary federal laws and regulations.

2. Check the compliance of candidates for the position of managers and other persons of the organization being created with the established qualification requirements and/or business reputation requirements.

The list of persons is specified in Article 11.1 of the Law on Banks and Article 60 of the Federal Law of 10.07.2002 No. 86-FZ “On the Central Bank of the Russian Federation (Bank of Russia)”.

The qualification requirements and requirements for the business reputation of these persons are established by Article 16 of the Law on Banks.

To perform the check, we recommend using:

3. Collect documents to assess the financial position of the founders of the NPO and other persons provided for by the Law on Banks.

The procedure and criteria for assessing the financial position, as well as the requirements for the financial position are established By the Regulation of the Bank of Russia dated 28.12.2017 No. 626-P.

4. Select a unique name for the non-bank credit institution being created.

Requirements for the name are established by Articles 54 and 1473 of the Civil Code of the Russian Federation, Article 7 of the Law on Banks and Bank of Russia Instruction dated 02.04.2010 No. 135-I.

To check the names already in use, we recommend using the State Register of Legal Entities of the KO and the Unified State Register of Legal Entities (USRLE).

Before making a decision to establish a non-profit organization, founders must submit a request to the Bank of Russia regarding the possibility of using the proposed full corporate name and abbreviated corporate name of the credit institution (in Russian).

5. Pay the state fee for obtaining a license to carry out banking operations.

For the issuance of a license to carry out banking operations, a state fee is paid in accordance with subparagraph 93 of paragraph 1 of Article 333.33 of the Tax Code of the Russian Federation.

The amount of the state duty is 0.1% of the declared authorized capital of the established credit institution, but not more than 500 thousand rubles.

Payment order designer.

6. Prepare and submit to the Bank of Russia a set of documents for state registration of a non-profit organization.

A set of documents for state registration can be sent to the Bank of Russia via personal account, as well as by mail or courier to the Bank of Russia’s dispatch office.

To create a non-banking credit institution in the form of a limited liability company, a “set of standardized documents".

7. Receive notification of the entry of information about the non-bank credit institution into the Unified State Register of Legal Entities and a registration certificate from the Bank of Russia.

After making a decision on the state registration of a non-profit organization, the Bank of Russia sends to the authorized registration body the information and documents necessary for it to carry out its functions in maintaining the Unified State Register of Legal Entities.

Based on the decision taken by the Bank of Russia and the information and documents submitted by it, the authorized registration body, within a period of no more than five working days from the date of receipt of such documents, makes a corresponding entry in the Unified State Register of Legal Entities and, no later than the working day following the date of making such entry, notifies the Bank of Russia thereof.

No later than three business days from the date of receipt from the authorized registration authority of the entry of a non-profit organization's state registration record in the Unified State Register of Legal Entities (USRLE), the Bank of Russia notifies its founders and requests payment of 100% of the organization's declared authorized capital within one month. The regulator also issues the founders a document confirming the entry of the organization in the Unified State Register of Legal Entities (USRLE) and a Bank of Russia registration certificate, assigns the non-profit organization a Bank of Russia registration number, and enters its information into the State Register of Legal Entities (KGRKO).

8. Pay the authorized capital and obtain a license to carry out banking operations.

Upon presentation of documents confirming payment of 100% of the declared authorized capital of the NPO, the Bank of Russia issues it a license to carry out banking operations within three days.

Information about an NPO after its creation and issuance of a license is posted inDirectory of financial organizations on the official website of the Bank of Russia.

The notice of state registration of a credit institution is published inBank of Russia Bulletin.

A non-bank credit institution has the right to carry out operations from the moment it receives a license issued by the Bank of Russia.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Published in accordance with Federal Law No. 161-FZ of June 27, 2011, "On the National Payment System" and Bank of Russia Instruction No. 5379-U of December 26, 2019, "On the registration by the Bank of Russia of organizations as payment system operators, the inclusion of foreign organizations that are operators of foreign payment systems in the register of operators of foreign payment systems, and the procedure for maintaining the register of payment system operators and the register of operators of foreign payment systems," registered by the Ministry of Justice of the Russian Federation on March 31, 2020, No. 57916. More Collapse –

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

We inform you that technical support and further development of the XBRL Questionnaire Editor software will cease on September 30, 2026.

From the specified date:

New versions of the XBRL Questionnaire Editor software will not be published; updates, bug fixes, and support for this product will not be provided.

For compiling and verifying reports and other information in XBRL format, we recommend switching to the Converter software, which will continue to receive technical support and further development. The Converter software offers comparable functionality.

You can download the latest version of the Converter software, view the documentation and the training video atsection Software that implements the conversion of reporting data is the "Converter" software.

Questions regarding the operation of the Converter software should be sent to the address svch_sbrlnelp@kbr.ru in accordance withProcedure for applying users on issues related to the preparation and presentation of reports in XBRL format.

Any questions regarding the operation of the XBRL Questionnaire Editor software should be sent to svch_sbrlnelp@kbr.ru with the following mandatory conditions:

The subject of the email must indicate "Using the XBRL Questionnaire-Editor software" and the financial market sector to which the organization generating the request belongs. The email with the request must contain contact details indicating the organization, phone number, email address and responsible person, as well as the following information: Version of the XBRL Questionnaire-Editor software. Versions of other software samples mentioned in the error description. Description of the error. Step-by-step description of the actions to reproduce the error. Expected result. Actual result. Screenshots and graphical explanations of the described problem in the *.jpg, *.png, *.bmp formats. Materials used to reproduce the error, as attachments to the email: downloadable XBRL file; downloadable CSV file; downloadable txt file; generated XBRL file; generated reporting package in XBRL format; verification log; data download log in the appropriate format (CSV, XLSX or XBRL); reporting package with the *.ank extension; Excel templates for automatic data loading or unloading. The application.log file can be downloaded from the Help/About section. Frequency of occurrence of the problem. Problem severity. XBRL taxonomy version. XBRL taxonomy entry point. Name of the table in which the problem occurs. System configuration: operating system, including the operating system bit depth; amount of RAM; processor model with clock speed.

Responsible structural unit: Department of Data, Projects and Processes

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Members of the management bodies and employees cannot be (paragraph 1 of Article 10.1 of Law No. 39-FZ):

Persons who acted as the sole executive body at the time the organization committed violations for which licenses for the relevant types of activities were cancelled (revoked), or violations for which the said licenses were suspended and the said licenses were cancelled (revoked) due to failure to correct these violations, if less than three years have passed from the date of such cancellation (revocation). Persons who acted as the head of a branch of a foreign insurance organization at the time the organization committed violations in the activities of such branch for which the foreign insurance organization's license to conduct insurance activities was revoked, or violations for which the said license was suspended and the said license was revoked due to failure to correct these violations, if less than three years have passed from the date of such revocation. Persons in respect of whom the period during which they are considered subject to an administrative penalty in the form of disqualification has not expired. Persons who have an unremoved or outstanding criminal record for committing an intentional crime.

The founders (participants) cannot be (clause 1 of Article 10.1-2 Law No. 39-FZ):

individuals who have an unremoved or unexpunged conviction for committing an intentional crime.

Requirements for the organizational and legal form (clause 1 of Article 10.1-1 Law No. 39-FZ):

business company; a legal entity created in a different organizational and legal form (in cases stipulated by federal laws).

To the internal control system – paragraph 2 of Article 10.1-1 Law No. 39-FZ

To the risk management system – paragraph 4 of Article 10.1-1 Law No. 39-FZ

Measures to identify conflicts of interest – paragraph 5 of Article 10.1-1 Law No. 39-FZ

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.