The ordinance aims to account for legislative innovations, including: the establishment of a long-term savings program starting Jan. 1, 2024, in line with law 299-FZ.
The ordinance proposes removal of the 5-year audit period limitation and restriction on repeat audits for evaluating credit organizations' risk management methodologies.
The ordinance also seeks to improve certain inspection procedures based on practical experience and the application of ins 202-I such as the exemption from the 5-year audit period limitation and repeat audits for risk management evaluations.
Also, involvement of Deposit Insurance Agency (DIA) employees in inspections related to long-term savings accounts, authorization for ASV employees to analyze documents obtained from banks or funds and prepare related documents at ASV offices.
In addition, it introduces the removal of the authority of certain regional inspection center heads to sign inspection orders due to various organizational changes.
And expansion of circumstances allowing postponement or suspension of inspections.
Effectiveness
Comments and feedback are expected by Jul. 15, 2024.
Nov. 2024 Ord Issued
On Nov. 13, 2024, RUS CB issued ord 6881-U amending ins 202-I on procedure for conducting inspections of supervised entities which enters into force on Nov. 23, 2024 (10 days after publication), except para 1.4, 1.6 and 1.13 in force from Jan. 1, 2025.
Regulators
RUS CB
Entity Types
Auditor; Bank
Reference
PR 11/13/2024; Ord 6881-U, 10/1/2024; CP, 7/1/2024; Ins 202-I, 1/15/2020;
