Specifics are established of inclusion of subordinated credits in the sources of internal funds for calculation of the main capital of a credit institution
By
the Instruction of the Bank of Russia N 2241-U of 1 June 2009
(document is in Russian), amendments are made to
the Statute of the Bank of Russia N 215-P "On the method
of determination of internal funds (capital) of credit institutions"
of 10 February 2003 (document is in Russian), on the basis
of which subordinated credits (deposits, loans) may be included
in the sources of internal funds taken into account for calculation
of the main capital of the credit institution subject to presence
in the contract for granting thereof of such additional terms
as: long term (granted for not less than 30 years), non-reimbursement
and non-accumulation of unpaid interest (coupon)n income, possibility
of participation in coverage of losses of the credit institution
arising in taking up bankruptcy prevention measures. The
size of the subordinated loan with additional terms, included
in the sources of main capital may not exceed 15% of the sum
of the sources of main capital. Besides,
the Instruction establishes specifics repayment of these
credits.
Plenary Meeting of the Supreme Court of RF adopted decree "On particular matters appearing in the court practice with application of the Housing Code of the Russian Federation"
Also, the Plenary Meeting has considered provisions
concerning social rent of dwelling premises and rent of specialized
dwelling premises. Thus, the pointed out that courts should
bear in mind that cancellation of a contract of social rent
of dwelling premises and withdrawal of citizens from them by
an order of the renter or state authorities and local self-government
bodies, as follows from the provisions of
part 4 of article 3 of the Housing Code of RF (document
is in Russian), may be possible only for the grounds and according
to the procedure established in
the Housing Code.
Constitutional Court made a judgement on verification of the constitutional character of particular provisions of the RSFSR Act "On competition and limitation of monopolistic activity in commodity markets" and Federal Act "On protection of competition"
