On Dec. 12, RUS CB issued rules for foreign bank financial statements.
RUS CB issued ord 6915-U on the procedure and deadlines for the submission by A branch of A foreign bank through which A foreign bank operates in the territory of the Russian Federation of annual financial statements, as well as the rules for the submission of other information provided for by federal laws.
Follows RUS CB Dec. 2024 issued ord on foreign bank branch reporting, see #223476.
Key Points
It is established that a branch of a foreign bank through which a foreign bank carries out activities in Russia is obliged to submit annual financial statements of a foreign bank prepared in accordance with IFRS and the auditor's report posted online.
The annual financial statements and the auditor's report thereon shall be submitted by the branch of a foreign bank to RUS CB in the form of electronic documents.
Information on the place and date of posting the annual financial statements and the auditor's report thereon shall be submitted by three working days after posting.
