Temporary Administration

Temporary administration is a special management body of a credit institution appointed by the Bank of Russia in accordance with this Federal Law and the regulatory acts of the Bank of Russia (ceased to be in force as of 2004-08-20)¹.

A temporary administration, appointed by the Bank of Russia after revoking a credit institution's license to conduct banking operations, carries out its activities in the credit institution from the moment of its appointment until the appointment of a liquidator or until the appointment of a bankruptcy administrator (ceased to be in force as of 2004-08-20)².

Temporary administration — established by the Bank of Russia after revoking a credit organization's license to conduct banking operations, exercises its powers within the credit organization as provided for by this Federal Law from the date of its appointment until the day the arbitration court issues a decision recognizing the credit organization bankrupt and initiating insolvency proceedings (appointment of an insolvency administrator) or until the day the decision of the arbitration court appointing a liquidator of the credit organization enters into force³.

Temporary administration — appointed by the Bank of Russia after revoking a credit organization's license to conduct banking operations, carries out its activities within the credit organization from the moment of its appointment until the moment of the appointment of a liquidator or until the moment of the appointment of an insolvency administrator (ceased to be in force as of 2004-08-20)⁴.

Interim administration - a special temporary management body of a financial institution appointed by the supervisory authority (hereinafter - interim administration) (ceased to be in force as of 2019-01-01)⁵.

Interim administration - an interim administration appointed by the Bank of Russia after revocation of a credit institution's license to conduct banking operations, exercises its powers in the credit institution provided for by this Federal Law from the date of its appointment until the day the arbitration court issues a decision recognizing the credit institution bankrupt and opening insolvency proceedings (appointment of an insolvency administrator) or until the day the arbitration court's decision on the appointment of a liquidator of the credit institution enters into legal force (ceased to be in force as of 2007-12-01)⁶.

Federal Law No. 40-FZ of February 25, 1999 "On Insolvency (Bankruptcy) of Credit Organizations", as amended on June 19, 2001, Article 9-1, paragraph 1#5, ceased to be in force from August 20, 2004 // RSZ RF. 1999. No. 9. Art. 1097. ↩
Federal Law No. 40-FZ of February 25, 1999 "On Insolvency (Bankruptcy) of Credit Organizations", as amended on June 19, 2001, Article 9-1, paragraph 4#3, ceased to be in force from August 20, 2004 // RSZ RF. 1999. No. 9. Art. 1097. ↩
Federal Law No. 40-FZ of February 25, 1999 "On Insolvency (Bankruptcy) of Credit Organizations", as amended on August 20, 2004, Article 14, paragraph 4#2 // RSZ RF. 1999. No. 9. Art. 1097. ↩
Federal Law No. 86-FZ of June 19, 2001 "On Making Changes and Additions to the Federal Law 'On Insolvency (Bankruptcy) of Credit Organizations' dated June 19, 2001", as amended on June 19, 2001, Article 1, paragraph 4#2, ceased to be in force from August 20, 2004 // RSZ RF. 2001. No. 26. Art. 2590. ↩
Federal Law of October 26, 2002 No. 127-FZ "On Insolvency (Bankruptcy)", as amended on July 27, 2010, Article 183-6, paragraph 1, ceased to be in force from January 1, 2019 // RSZ RF. 2002. No. 43. Art. 4190. ↩
Federal Law of August 20, 2004 No. 121-FZ, "On Amending the Federal Law 'On Insolvency (Bankruptcy) of Credit Institutions' and on Declaring Certain Legislative Acts (Provisions of Legislative Acts) of the Russian Federation as Ceased to Be in Force" from August 20, 2004, as amended on August 20, 2004, Article 1, subpara. v, ceased to be in force from December 1, 2007 // RSZ RF. 2004. No. 34. Art. 3536. ↩

Temporary Administration

Codes and federal laws