On Feb. 19, RUS CB updated intangible asset accounting regulations.
RUS CB proposed ord amending reg 777-P on the forms of information disclosure in the accounting statements of investment platform operators, financial platform operators, information system operators in which digital financial assets are issued, and digital financial asset exchange operators and the procedure for grouping accounting accounts per accounting indicators reporting.
Consultation documents are only available on RUS CB website until comment deadline.
The ord outlines the disclosure forms in the financial statements of investment and financial platform operators, as well as operators of digital financial asset exchanges.
In addition, the proposed ordinance outlines the method of grouping accounting accounts will be adjusted based on the metrics presented in the financial statements.
Effectiveness
Comments and feedback are expected by Mar. 3, 2024.
Oct. 2024 Ord Issued
On Oct. 24, 2024, RUS CB issued ord 6847-U updating reg 777-P in force Jan. 1, 2025 and applies to the reporting period during which it officially enters into force.
Regulators
RUS CB
Entity Types
Auditor; Bank; Exch; IA; Inv Co
Reference
PR 10/24/2024; Ord 6847-U, 10/10/2024;CP, 2/19/2024; Reg 777-P, 10/26/2021
