On May 6, RUS CB proposed update to annual financial report rules.
RUS CB proposed ordinance amending ordinance 3054-U on the procedure for compiling annual financial statements by credit institutions.
Follows RUS CB Aug. 2023 issued ord 6406-U on reporting rules, see #180302.
Consultation documents are only available on RUS CB website until comment deadline.
Summary
The amendments aim to establish a requirement for annual reconciliation of balances on the digital ruble account, and to replace references to ordinance 4927-U.
Ord 4927-U On the List, Forms, and Procedure for Compiling and Submitting Reporting Forms by Credit Institutions to RUS CB with current references to ord 6406-U.
Effectiveness
Comments and feedback are expected by May 19, 2024.
Oct. 2024 Ord Issued
On Oct. 11, 2024, RUS CB issued ordinance 6832-U amending ordinance 3054-U on the procedure for compiling annual financial statements by credit institutions.
The ordinance enters into force on Jan. 1, 2025.
Regulators
RUS CB
Entity Types
Bank; BHC; CU
Reference
PR 10/11/2024; Ord 6832-U, 9/2/2024; CP, 5/6/2024; Ord 6406-U, 4/10/2024; Ord 4927-U, 10/8/2024; Ord 3054-U
Functions
Accounting; Financial; Record Retention; Reporting; Risk; Treasury
