INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 25, 2017 No. 4541-U

About modification of the Provision of the Bank of Russia of September 2, 2015 No. 487-P "Industry standard of financial accounting of the income, expenses and other comprehensive income of 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 (No. 24) to introduce the minutes of the Board of directors of the Bank of Russia of September 15, 2017 in the Provision of the Bank of Russia of September 2, 2015 No. 487-P "Industry standard of financial accounting of the income, expenses and other comprehensive income of not credit financial credit institutions" registered by the Ministry of Justice of the Russian Federation on October 9, 2015 No. 39282, on June 8, 2016 No. 42473, on December 20, 2016 No. 44832, the following changes.

1.1. In Item 1.1:

to state paragraphs of the sixth and seventh in the following edition:

"microfinance companies, credit consumer cooperatives, credit consumer cooperatives of the second level, agricultural credit consumer cooperatives of the subsequent level, housing accumulative cooperatives on OFR symbols according to appendix 4 to this Provision;

other not credit financial credit institutions on OFR symbols according to parts 3 - the 9th appendices 2 to this Provision.";

add with the paragraph of the following content:

"Information for the accounting period since the beginning of accounting year is provided in OFR.".

1.2. Declare Item 1.5 invalid.

1.3. In Item 1.6:

in paragraph four of the word "with repayment period more than one year" to exclude;

the second offer of the paragraph of the seventh to state in the following edition: "Discounting can not be applied: to the financial assets and financial liabilities estimated at fair value through profit or loss; to financial assets and financial liabilities if the difference between the depreciated cost calculated with use of method of discounting, and the depreciated cost calculated without use of method of discounting of recognition of interest income is not essential.".

1.4. In Item 2.1:

the twentieth - twenty third to state paragraphs in the following edition:

"for microfinance companies, credit consumer cooperatives, credit consumer cooperatives of the second level, agricultural credit consumer cooperatives of the subsequent level, housing accumulative cooperatives:

income from transactions of housing accumulative cooperatives;

direct expenses of housing accumulative cooperatives;

income from financial instrument transactions and precious metals;";

add with paragraphs of the following content:

"expenses on financial instrument transactions and precious metals;

other income and expenses;

for other not credit financial credit institutions:

income from financial instrument transactions and precious metals;

expenses on financial instrument transactions and precious metals;

other income and expenses.".

1.5. In paragraphs seven and the sixteenth Item 2.4 of the word "and from use of the built-in derivative financial instruments which are not separated the basic agreement" to exclude.

1.6. State Item 7.18 in the following edition:

"7.18. Expenses on transactions of repayment or realization of the acquired rights to claim, except interest expenses, are reflected in OFR on the corresponding symbols of the Section 1 "Expenses on Transactions with the Placed Deposits Issued by Loans and the Other Provided Means" of part 4 "Expenses on financial instrument transactions and precious metals.".

1.7. In appendix 1:

in the Section 6 of part 3:

line

"

Section 6. The income from transactions with derivative financial instruments and from use of the built-in derivative financial instruments which are not separated the basic agreement

"

state in the following edition:

"

Section 6. The income from transactions with derivative financial instruments

";

lines

"

	5. The income from use of the built-in derivative tools which are not separated the basic agreement
1	income from use of the built-in derivative tools which are not separated the basic agreement	36501	71509

"

recognize invalid;

in the Section 6 of part 4:

line

"

Section 6. Expenses on transactions with derivative financial instruments and from use of the built-in derivative financial instruments which are not separated the basic agreement

"

state in the following edition:

"

Section 6. Expenses on transactions with derivative financial instruments

";

lines

"

	5. Expenses from use of the built-in derivative tools which are not separated the basic agreement
1	expenses on use of the built-in derivative tools which are not separated the basic agreement	46501	71510

"

recognize invalid;

in part 8:

in the Section 3 line

"

2

executive bodies of subjects of the Russian Federation and local government bodies

83402

10630

"

state in the following edition:

"

2

executive bodies of subjects of the Russian Federation and local government bodies

83802

10630

";

in the Section 5 line

"

10

on investments in the considered bills of exchange, available for sale, or in the considered bills of exchange estimated at fair value through other comprehensive income, credit institutions

85410

10605

"

state in the following edition:

"

10

on investments in the considered bills of exchange, available for sale, or in the considered bills of exchange estimated at fair value through other comprehensive income, credit institutions

85510

10605

".

1.8. In appendix 2:

in the Section 9 parts of 1 line

"

	5. The income from revaluation of the built-in derivative tools on insurance transactions
1	income from revaluation of the built-in derivative tools according to insurance contracts of other, than life insurance	19501	71509

"

recognize invalid;

in the Section 9 parts 2 lines

"

	6. Expenses from revaluation of the built-in derivative tools on insurance transactions
1	expenses from revaluation of the built-in derivative tools according to insurance contracts of other, than life insurance	29601	71510

"

recognize invalid;

in the Section 6 of part 3:

line

"

Section 6. The income from transactions with derivative financial instruments and from use of the built-in derivative financial instruments which are not separated the basic agreement

"

state in the following edition:

"

Section 6. The income from transactions with derivative financial instruments

";

lines

"

	5. The income from use of the built-in derivative tools which are not separated the basic agreement
1	income from use of the built-in derivative tools which are not separated the basic agreement	36501	71509

"

recognize invalid;

in the Section 6 of part 4:

line

"

Section 6. Expenses on transactions with derivative financial instruments and from use of the built-in derivative financial instruments which are not separated the basic agreement

"

state in the following edition:

"

Section 6. Expenses on transactions with derivative financial instruments

";

lines

"

	5. Expenses from use of the built-in derivative tools which are not separated the basic agreement
1	expenses on use of the built-in derivative tools which are not separated the basic agreement	46501	71510

"

recognize invalid;

in part 8:

in the Section 3 line

"

2

executive bodies of subjects of the Russian Federation and local government bodies

83402

10630

"

state in the following edition:

"

2

executive bodies of subjects of the Russian Federation and local government bodies

83802

10630

";

in the Section 5 line

"

10

on investments in the considered bills of exchange, available for sale, or in the considered bills of exchange estimated at fair value through other comprehensive income, credit institutions

85410

10605

"

state in the following edition:

"

10

on investments in the considered bills of exchange, available for sale, or in the considered bills of exchange estimated at fair value through other comprehensive income, credit institutions

85510

10605

".

1.9. In appendix 3:

in part 1:

in Section 8:

line

"

Revenue from rendering services in provision of credit reports of bureau of credit histories

"

state in the following edition:

"

1. Revenue from rendering services in provision of credit reports of bureau of credit histories

";

line

"

Revenue from rendering services by credit rating agencies

"

state in the following edition:

"

2. Revenue from rendering services by credit rating agencies

".

in Section 9:

line

"

Other incomes on the main activities

"

state in the following edition:

"

1. Other incomes on the main activities

";

in the Section 1 of part 2 line

"

Expenses on the main activities

"

state in the following edition:

"

1. Expenses on the main activities

".

in the Section 6 of part 3:

line

"

Section 6. The income from transactions with derivative financial instruments and from use of the built-in derivative financial instruments which are not separated the basic agreement

"

state in the following edition:

"

Section 6. The income from transactions with derivative financial instruments

";

lines

"

	5. The income from use of the built-in derivative tools which are not separated the basic agreement
1	income from use of the built-in derivative tools which are not separated the basic agreement	36501	71509

"

recognize invalid;

in the Section 6 of part 4:

line

"

Section 6. Expenses on transactions with derivative financial instruments and from use of the built-in derivative financial instruments which are not separated the basic agreement

"

state in the following edition:

"

Section 6. Expenses on transactions with derivative financial instruments

";

lines

"

	5. Expenses from use of the built-in derivative tools which are not separated the basic agreement
1	expenses on use of the built-in derivative tools which are not separated the basic agreement	46501	71510

"

recognize invalid;

in part 8:

in the Section 3 line

"

2

executive bodies of subjects of the Russian Federation and local government bodies

83402

10630

"

state in the following edition:

"

2

executive bodies of subjects of the Russian Federation and local government bodies

83802

10630

";

in the Section 5 line

"

10

on investments in the considered bills of exchange, available for sale, or in the considered bills of exchange estimated at fair value through other comprehensive income, credit institutions

85410

10605

"

state in the following edition:

"

10

on investments in the considered bills of exchange, available for sale, or in the considered bills of exchange estimated at fair value through other comprehensive income, credit institutions

85510

10605

".

1.10. Add with appendix 4 in edition of appendix to this Instruction.

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

Appendix

to the Instruction of the Bank of Russia of September 25, 2017 No. 4541-U "About modification of the Provision of the Bank of Russia of September 2, 2015 No. 487-P "Industry standard of financial accounting of the income, expenses and other comprehensive income of not credit financial credit institutions"

Appendix 4

to the Provision of the Bank of Russia of September 2, 2015 No. 487-P "Industry standard of financial accounting of the income, expenses and other comprehensive income of not credit financial credit institutions"

See Appendix 4 (0.15Mb In original language)

 

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