On Feb. 22, RUS CB proposed rules for pension fund accounting.
RUS CB proposed amending regulation 776-Pon the procedure for reflecting agreements re non-state pension provision in accounts of non-state pension funds.
Consultation documents are only available on RUS CB website until comment deadline.
Summary
The ordinance adds references regarding the reflection of non-state pension funds' agreements on non-state pension provision in the chart of accounts for non-credit financial organizations and procedure for its application, effective from Jan. 1, 2025.
It excludes references to reg 713-P on the chart of accounts due to its invalidation.
Also, supplements accounting entries for reflecting the payment of guarantee contributions to Deposit Insurance Agency and rules for guarantee compensation.
And supplements accounting entries for reflecting negative result of pension reserve placement and guarantee replenishment of pension obligation coverage reserves.
Effectiveness
Comments and feedback are expected by Mar. 6, 2024.
Aug. 2024 Ord Issued
On Aug. 5, 2024, RUS CB issued ord 6768-U on the procedure for reflecting agreements re non-state pension provision in accounts of non-state pension funds.
The approved ordinance enters into force starting from Jan. 1, 2025.
Regulators
RUS CB
Entity Types
Pension
Reference
PR 8/5/2024; Ord 6768-U 7/5/2024; CP, 2/22/2024; Reg 776-P, 9/23/2021;
