RUS CB Pension Insurance Reporting

On Feb. 16, RUS CB proposed pension insurance accounting updates.

  • RUS CB proposed amending Reg 773-P on the procedure for reflecting compulsory pension insurance agreements on accounting accounts by non-state pension funds.
  • Follows RUS CB Nov. 2023 issued pension insurance accounting regulation, #120962.
  • Consultation documents are only available on RUS CB website until comment deadline.
  • Proposals
  • The draft ordinance aims to establish references to the chart of accounts for non-credit financial organizations and to remove references to the obsolete chart of accounts.
  • Updates include accounting entries for transferring pension savings to pension reserve funds, paying guarantee contributions to the state Deposit Insurance Agency.
  • Effectiveness
  • Comments and feedback are expected by Mar. 1, 2024.
  • Aug. 2024 Ord Issued
  • On Aug. 5, 2024, RUS CB 6765-U amending reg 773-P in force from Jan. 1, 2025.

Regulators RUS CB
Entity Types Auditor; Depo; Ins; Pension
Reference PR 8/5/2024; Ord 6765-U, 7/25/2024; PR, 2/16/2024; Reg 773-P, 10/28/2021
Functions Accounting; Audit; Compliance; Financial; Legal; Reporting; Risk; Treasury
Countries Russia
Category
State
Products Deposits; Insurance; Pensions
Regions EMEA
Rule Type Final
Rule Date 2/16/2024
Effective Date 1/1/2025
Rule Id 201599
Linked to Rule :120962
Reg. Last Update 8/5/2024
Report Section International

Last substantive update on 08/08/2024