Legal Encyclopedia. The Letter

INTERIM ADMINISTRATION

- A special management body of a credit institution, which is appointed by the Bank of Russia.

Composition VA includes the head, one or more members of the interim administration. The number of members is determined by the presence of the organization of the branch network and the nature and volume of the work.

Led by the head of the VA, which has a certificate of the head of VA Head forms part VA, part of which may not be included:

1) the head of the credit organization;

2) persons on the board of directors, supervisory board or collegiate executive body;

3) the chief accountant or an accountant;

4) the head of the Internal Audit Service and Head of Internal Control Service of the credit institution;

5) persons who are creditors

credit institution;

6) persons who have debts to the lending institution;

7) a person previously convicted for crimes in the economic sphere and against the State;

8) persons who have committed during the last year an administrative offense in the field of trade and finance;

9) persons with whom in the last two years of employment contracts on the initiative of the administration were terminated in connection with the reduction of state employees of the organization;

10) the person through whose fault had been violations of banking legislation.

Persons falling within the VA, are exempt from duty for one year prior to the appointment of an interim administration.