The project on transfer of powers of the Cabinet of Ministers the Central Bank on military mortgage introduced in the state Duma

The project on transfer of powers of the Cabinet of Ministers the Central Bank on military mortgage introduced in the state Duma


Transmitted to the government authority are to establish the order of carrying out of competitions on the conclusion of the contract on rendering of services of spartaaaaaa and definition of requirements to the participants and presented them the documents.

MOSCOW, 6 Nov. The government of the Russian Federation submitted to the state Duma a draft law on the transfer to the government certain powers to the Bank of Russia in sphere of investment of accumulation for housing for military personnel. Relevant information is available in the electronic database of the lower house of Parliament.

The document was developed by the defense Ministry in order to improve approaches to the regulation of trust management of savings for housing for military personnel and transfer to the government certain powers to the Central Bank.

These functions include setting the procedure, conditions and terms of carrying out of competitions on the conclusion of the contract on rendering of services of spartaaaaaa authorized Federal authority and trust management contracts, criteria and procedure of determination of aggregate weighted estimate (rating) of spartaaaaaa and management company.

Transmitted to the government authority also include the establishment of requirements to the participants and presented them with the documents, rules of prolongation of the contract of trust management of savings for housing for military personnel and rules of transfer of assets in which invested savings, in the event of termination of this agreement.

“Thus, the bill provides a clearer separation of powers of the financial regulator and the Supreme Executive organ of state power”, — stated in the explanatory note to the bill.

Appropriate changes to the law “About accumulative and mortgage system of housing for military personnel”.