Large foreign IT companies were obliged to open branches in Russia

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Monitoring of the Federal Legislation dated 7.10.2010

Instruction of the Central Bank of Russia No. 136-I of September 16, 2010 on the Procedure for the Authorised Banks (Branches) to Carry out Individual Types of Bank Operations with Foreign Currencies in Cash and Operations with Checks (Including the Travellers Checks) with the Nominal Value in Foreign Currencies Involving Natural Persons

Specifies the procedure for the authorised banks (their branches), including internal structural divisions, to carry out individual types of operations with foreign currencies in cash and checks (including travellers checks) involving natural persons.

Order of the Federal Service for Financial Markets No. 10-55/pz-n of August 12, 2010 on the Endorsement of the Regulation of the Federal Service for Financial Markets

Endorses a new regulation of the Federal Service for Financial Markets of Russia.

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