Banking law. Features of creating a credit organization with foreign investment or a branch of a foreign bank (the most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Banking law. Features of creating a credit organization with foreign investment or a branch of a foreign bank (the most important)

Lecture notes, cheat sheets

Directory / Lecture notes, cheat sheets

Comments on the article

Table of contents (expand)

31. Peculiarities of establishing a credit organization with foreign investments or a branch of a foreign bank

In accordance with the law, in addition to Russian credit institutions, credit institutions with foreign investments and branches of foreign banks may carry out banking activities in the territory of the Russian Federation.

Foreign banks are understood as banks recognized as such under the laws of the foreign state in whose territory they are registered.

The main difference between the procedure for state registration and issuance of a license for a credit institution with foreign participation or a branch of a foreign bank for conducting banking activities in the territory of the Russian Federation from the procedure for establishing a Russian credit institution is the need to submit other additional documents for registration in addition to the obligatory list of documents. A foreign legal entity - founder additionally submits:

1) a decision on his participation in the creation of a credit institution in the territory of the Russian Federation or on the opening of a bank branch;

2) a document confirming the registration of a legal entity, and balance sheets for the previous three years, confirmed by an audit report;

3) a written consent of the relevant control body of the country of its location to participate in the creation of a credit institution in the territory of the Russian Federation or to open a branch of the bank in cases where such permission is required by the legislation of the country of its location. The founder - a foreign individual shall provide confirmation of the solvency of this person by a first-class (according to international practice) foreign bank.

Additional requirements for the establishment and operation of credit institutions with foreign investment or branches of foreign banks:

1) the amount (quota) of participation of foreign capital in the banking system of the Russian Federation - is established by federal law on the proposal of the Government of the Russian Federation, agreed with the Central Bank of the Russian Federation. This quota is calculated as the ratio of the total capital owned by non residents in the authorized capital of credit institutions with foreign investment and the capital of branches of foreign banks to the total authorized capital of credit institutions registered in the territory of the Russian Federation;

2) the credit institution is obliged to obtain prior permission from the Central Bank of the Russian Federation to increase its authorized capital at the expense of non-residents, to alienate (including the sale) of its shares (stakes) in favor of non-residents, and members of the credit institution - residents - to alienate their shares ( shares) of a credit institution in favor of non-residents. The Central Bank of the Russian Federation has the right to impose a ban on increasing the authorized capital of a credit institution at the expense of non-residents and on the alienation of shares (stakes) in favor of non-residents, if the result of this action is to exceed the quota for participation of foreign capital in the banking system of the Russian Federation. A statement of intent to increase the charter capital of a credit institution at the expense of non-residents' funds and on the alienation of shares (stakes) in favor of non-residents is considered by the Central Bank of the Russian Federation within two months from the date of submission of the application. The result of its consideration is the permission of the Central Bank of the Russian Federation to carry out the operation indicated in the application or a reasoned refusal in writing. If the Central Bank of the Russian Federation did not inform about the decision made within the established period, the specified operation is considered permitted;

The Central Bank of the Russian Federation shall have the right, in agreement with the Government of the Russian Federation, to establish restrictions on banking operations for credit institutions with foreign investments and branches of foreign banks, if in the relevant foreign states banks with Russian investments and branches of Russian banks are subject to restrictions in their establishment and activities.

Author: Belousov D.S.

<< Back: Licensing. Refusal to issue a license and state registration of credit institutions

>> Forward: Business plan of a credit organization

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ International private law. Crib

▪ Theory of Government and Rights. Crib

▪ Childhood diseases. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

The thinnest nanofiber 11.02.2013

According to Toray Industries, its specialists have created the world's thinnest nanofiber with a diameter of 150 nm. It is twice thinner than the previous "record holder" with a thickness of 300 nm.

For the production of nanofibers, a multi-component spinning technique based on high-precision polymer flow control technology is used. The new nanofiber will be used in high-purity clean room air filters in semiconductor and liquid crystal glass industries.

As the diameter of the fibers decreases, the surface area to mass ratio increases, improving hygroscopicity, filtration rate and other indicators. According to the manufacturer, the new nanofiber air filter is equivalent or even superior to electrostatic filters, which are known for high performance but require additional processing steps, in terms of dust collection efficiency.

The new fiber can be used in the form of continuous threads or fabric, as well as being cut into pieces - for the manufacture of non-woven materials. Uniform fiber thickness provides materials with stable parameters. According to the manufacturer, the costs associated with mastering the mass production of a new fiber are not too high, since only part of the equipment is replaced. Serial production of nanofibers with a diameter of 150 nm in Toray is planned to begin in the coming years.

Other interesting news:

▪ Improvement of clean methanol fuel cells

▪ Boys to the left, girls to the right

▪ Supersonic aircraft without a windshield

▪ Transparent OLED display from Samsung

▪ Treatment of herpes with infrared light

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ website section Television. Article selection

▪ article by Samuel Butler. Famous aphorisms

▪ article Who is the author of the phrase We all came out of Gogol's overcoat? Detailed answer

▪ article Working on a screw-cutting lathe. Standard instruction on labor protection

▪ article AC Sven HP-830B with two-way UMZCH. Encyclopedia of radio electronics and electrical engineering

▪ article Ring in a box. Focus Secret

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews