On Mar. 7, RUS CB proposed changes to financial reporting rules.
RUS CB proposed ord on amendments to regulation 728-Pon the forms of disclosure of information in the accounting statements of insurance organizations and mutual insurance companies and the procedure for grouping accounting accounts in line with the indicators of accounting statements.
Consultation documents are only available on RUS CB website until comment deadline.
Summary
The ord clarifies the the name of the indicator of the balance sheet "intangible assets and capital investments in them", disclosing requirement principles of accounting.
It also clarifies, accounts grouping tables are supplemented with financial accounts introduced by ord 803-P on accounting accounts for non-credit financial institutions.
Effectiveness
Comments and feedback are expected by Mar. 20, 2023.
Sep. 2023 Ordinance Issued
On Sep. 27, 2023, RUS CB issued ord 6508-U amending Reg 728-P; ord enters into force on Jan. 1, 2025.
Regulators
RUS CB
Entity Types
Auditor; Ins
Reference
PR 9/27/2023; Ord 6508-U, 8/16/2023; CP, 3/7/2023; Reg 728-P, 7/6/2020;
