INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 14, 2017 No. 4494-U

About modification of the Provision of the Bank of Russia of October 1, 2015 No. 494-P "Industry standard of financial accounting of transactions with securities in not credit financial credit institutions"

1. Based on Item 14 of article 4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, Art. 4225, Art. 4273, Art. 4295; 2017, No. 1, Art. 46; No. 14, Art. 1997; No. 18, Art. 2661, Art. 2669; No. 27, Art. 3950; No. 30, the Art. 4456) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of August 9, 2017 No. 18) to bring in the Provision of the Bank of Russia of October 1, 2015 No. 494-P "Industry standard of financial accounting of transactions with securities in not credit financial credit institutions", registered by the Ministry of Justice of the Russian Federation on October 29, 2015 No. 39528, on December 20, 2016 No. 44836, the following changes.

1.1. To state the paragraph of the sixth of Item 1.4 in the following edition:

"The ESP method can not be applied to the debt securities classified as estimated at fair value through profit or loss, and also to debt securities according to which the difference between the depreciated cost calculated with use of the ESP method, and the depreciated cost calculated with use of straight-line method of recognition of interest income is not essential. Criteria of materiality affirm as accounting policy of not credit financial credit institution.".

1.2. Add Item 3.2 with paragraphs of the following content:

"In case of insignificance of the costs specified in Item 3.1 of this provision, accepted for payment before date of acquisition of securities, not credit financial credit institution has the right to establish other accounting treatment for these costs in case of which the incurred costs connected with acquisition of securities in day of their implementation belong on expenses the following accounting entry:

The debit of the account No. 71702 "Expenses on other transactions" (on the corresponding symbol of OFR of the subsection "Commission and Similar Expenses" of the Section "Expenses on Other Transactions")

Credit of the account on the cash accounting or calculations.

Criteria of materiality of the incured costs connected with acquisition of securities affirm not credit financial credit institution as accounting policy.".

1.3. In the paragraph the second subitem 4.1.4 of Item 4.1 "addressing" to exclude the word.

1.4. To declare the paragraph of the eighth of Item 11.5 invalid.

2. This Instruction is subject to official publication and becomes effective since January 1, 2018.

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