On Feb. 15, RUS CB updated financial statement disclosure rules.
RUS CB proposed reg on the forms of disclosure of information in the financial (accounting) statements of certain non-banking financial organizations, credit bureaus, credit rating agencies, and the procedure for grouping accounting accounts according to indicators of financial (accounting) statements.
Consultation documents are only available on RUS CB website until comment deadline.
Summary
This reg is developed in response to adoption of law 359-FZ which recognizes credit rating agencies and credit bureaus as entities providing professional services.
The regulation involves the re-issuance of regulation 532-Pon preparation of financial statements for various entities, spanning securities, investment funds, trades, clearing, depositories, management, credit history, credit rating, as well as insurance.
The regulation establishes disclosure forms for professional market participants in their financial statements, including the disclosure of information about digital RUB.
Effectiveness
Comments and feedback are expected by Feb. 28, 2024.
In Aug. 2024 RUS CB proposed reg invalidating certain regulatory acts, see #221981.
Oct. 2024 Ord Issued
On Oct. 11, 2024, RUS CB issued reg 843-P on the forms of disclosure of information in the financial (accounting) statements of certain non-banking financial organizations, credit bureaus, credit rating agencies, and the procedure for grouping accounting accounts according to indicators of financial (accounting) statements.
