Monitoring of the Federal Legislation dated 9.02.2009

Direction of the Central Bank of Russia No. 2164-U of December 30, 2008 on the Amendments to the Instruction of the Bank of Russia No. 109-I of January 14, 2004 on the Procedure for the Bank of Russia to Take the Decision of the State Registration of Credit Organisations and Issue the License for Bank Operations

Simplifies and optimises the procedure of the merger and incorporation of credit organisations.

Direction of the Central Bank of Russia No. 2163-U of December 30, 2008 on the Amendments to the Regulation of the Bank of Russia No. 271-P of June 9, 2005 on the Processing of Documents Submitted to the Territorial Institution of the Bank of Russia to Take the Decision of the State Registration of Credit Organisations, Issue of Licenses for Bank Operations and the Keeping of Databases on Credit Organisations and Their Divisions

Reduces the time limits for the territorial institutions of the Central Bank of Russia to process the documents of the merger or incorporation of credit organisations.

Direction of the Central Bank of Russia No. 2162-U of December 30, 2008 on the Amendments to the Regulation of the Bank of Russia No. 230-P of June 4, 2003 on the Reorganisation of Credit Organisations in the Form of a Merger or Incorporation

Simplifies the procedure of reorganisation of credit organisations in the form of a merger or incorporation.