Central Bank of Russian Federation (legally significant electronic document management)

On February 11, 2016 the Central bank announced transition to legally significant electronic document management with controlled financial institutions since May 10, 2016. Personal accounts on the regulator website will be used for this purpose^[1].

The forthcoming event was announced by Olga Goncharova, the director of the department of collecting and processing of the reporting of NFO of the Central Bank. The federal law of July 13, 2015 No. 231-FZ became effective on February 9, 2016 - market participants have three months on approbation and adaptation.

Interaction will happen by means of web service on the website of the Central Bank — through personal accounts. Earlier they were used for submission of financial statements, now the Central Bank and the market will be able to exchange through them any documents in both directions.

The bank in return will be able to send the instructions, inquiries and any other documents to the organizations through their personal accounts, to set a duty of the last to react in the online mode and to answer also in electronic form.

According to Goncharova, in 2015 50 thousand complaints and citizens' appeals on insurance companies came to the Central Bank ~ (for example, about imposing of additional services). From them 65% required a request from subjects of complaints of the additional information for check of the facts.

Changes demanded very much a lot of work. The Bank of Russia made changes to eleven federal laws. Time of a paper mail run in one and in other direction usually is about a month. So something it was possible to answer the citizen only approximately in one and a half months. Olga Goncharova

At the same time documents could be lost or become outdated during transfer. Electronic interaction will help to reduce this time to two weeks.

Data transmission is protected by public keys, their reliability — the strengthened qualified electronic signature. Personal accounts are located on own infrastructure of bank. The facts of obtaining documents in personal accounts are unambiguously fixed by a system. Except the EDS, everything is made on infrastructure of the Bank of Russia and developed for the Bank of Russia. Vadim Kalukhov, the first deputy director of the department of information technologies of the Central Bank

According to the statement of speakers of the Central Bank, except technologies of the electronic signature, all involved by software - the property of the Central Bank and any additional infrastructure or software tools the organizations should not purchase, use, moreover - costs of all participants will decrease due to the lack of expenses on paper and mail.

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