Large foreign IT companies were obliged to open branches in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 1.09.2017

Direction of the Bank of Russia No. 4471-U of July 31, 2017 on the amendments to the Regulation of the Bank of Russia No. 408-P of October 25, 2013 on the procedure for assessment of compliance with the qualification requirements and the requirements for business reputation for persons specified in Article 11.1 of the Federal Law on the banks and banking activities and Article 60 of the Federal Law on the Central Bank of the Russian Federation (Bank of Russia) and a procedure for keeping the database specified in Article 75 of the Federal Law on the Central Bank of the Russian Federation (Bank of Russia)

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