RUS CB Accounting for Foreign Banks


On Dec. 9, RUS CB amended accounting chart of accounts procedure.


  • RUS CB issued ord 6921-U on amending clause 14 of part I of the appendix reg 809-P on chart of accounts for credit institutions and procedure for its application.
  • Follows RUS CB Dec. 2022 issued updated chart of accounts procedures, see #158398.
  • Specifically, to apply Accounting Chart of Accounts for credit institutions, transactions with foreign banks in carrying out their activities through their branches in Russia are reflected in accounts intended for accounting for transactions with credit institution.
  • Effectiveness
  • The ord enters into force on Jan. 1, 2025.

Regulators RUS CB
Entity Types Auditor; Bank
Reference PR 12/9/2024; Ord 6921, 11/2/2024; Reg 809-P
Functions Accounting; Financial; Reporting; Risk
Countries Russia; Cross-Border
Category
State
Products Banking
Regions EMEA
Rule Type Final
Rule Date 12/9/2024
Effective Date 1/1/2025
Rule Id 236386
Linked to N/A
Reg. Last Update 12/9/2024
Report Section International

Last substantive update on 12/12/2024