INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 14, 2017 No. 4645-U

About procedure and terms of disclosure by parent credit institutions of banking groups of consolidated financial statements

This Instruction based on article 8 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 1998, No. 31, Art. 3829; 1999, No. 28, Art. 3459, Art. 3469; 2001, No. 26, Art. 2586; No. 33, Art. 3424; 2002, No. 12, Art. 1093; 2003, No. 27, Art. 2700; No. 50, Art. 4855; No. 52, Art. 5033, Art. 5037; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 1, Art. 18, Art. 45; No. 30, Art. 3117; 2006, No. 6, Art. 636; No. 19, Art. 2061; No. 31, Art. 3439; No. 52, Art. 5497; 2007, No. 1, Art. 9; No. 22, Art. 2563; No. 31, Art. 4011; No. 41, Art. 4845; No. 45, Art. 5425; No. 50, Art. 6238; 2008, No. 10, Art. 895; 2009, No. 1, Art. 23; No. 9, Art. 1043; No. 18, Art. 2153; No. 23, Art. 2776; No. 30, Art. 3739; No. 48, Art. 5731; No. 52, Art. 6428; 2010, No. 8, Art. 775; No. 27, Art. 3432; No. 30, Art. 4012; No. 31, Art. 4193; No. 47, Art. 6028; 2011, No. 7, Art. 905; No. 27, Art. 3873, Art. 3880; No. 29, Art. 4291; No. 48, Art. 6730; No. 49, Art. 7069; No. 50, Art. 7351; 2012, No. 27, Art. 3588; No. 31, Art. 4333; No. 50, Art. 6954; No. 53, Art. 7605, Art. 7607; 2013, No. 11, Art. 1076; No. 19, Art. 2317, Art. 2329; No. 26, Art. 3207; No. 27, Art. 3438, Art. 3477; No. 30, Art. 4084; No. 40, Art. 5036; No. 49, Art. 6336; No. 51, Art. 6683, Art. 6699; 2014, No. 6, Art. 563; No. 19, Art. 2311; No. 26, Art. 3379, Art. 3395; No. 30, Art. 4219; No. 40, Art. 5317, Art. 5320; No. 45, Art. 6144, Art. 6154; No. 49, Art. 6912; No. 52, Art. 7543; 2015, No. 1, Art. 37; No. 17, Art. 2473; No. 27, Art. 3947, Art. 3950; No. 29, Art. 4355, Art. 4357, Art. 4385; No. 51, Art. 7243; 2016, No. 1, Art. 23; No. 15, Art. 2050; No. 26, Art. 3860; No. 27, Art. 4294, Art. 4295; 2017, No. 14, Art. 2000; No. 18, Art. 2661, Art. 2669; No. 25, Art. 3596; No. 30, Art. 4456; No. 31, the Art. 4754), article 7 of the Federal Law of July 27, 2010 No. 208-FZ "About consolidated financial statements" (The Russian Federation Code, 2010, No. 31, Art. 4177; 2011, No. 48, Art. 6728; 2012, No. 53, Art. 7607; 2013, No. 30, Art. 4084; 2014, No. 19, Art. 2316; No. 45, Art. 6154; 2016, No. 27, Art. 4195; 2017, No. 30, the Art. 4444) establishes procedure and terms of disclosure by parent credit institutions of banking groups of the consolidated financial statements constituted according to the Federal Law of July 27, 2010 No. 208-FZ "About consolidated financial statements".

1. Parent credit institutions of banking groups, including parent credit institutions of banking groups which members are only the dependent organizations specified in Item 1.7 of the Provision of the Bank of Russia of July 15, 2020 to No. 729-P "About technique of determination of own means (capital) and obligatory standard rates, allowances to capital adequacy ratios, numerical values of obligatory standard rates and the sizes (limits) of open foreign exchange positions of banking groups", No. 60292 registered by the Ministry of Justice of the Russian Federation on October 7, 2020 (further - the Provision of the Bank of Russia No. 729-P), and also credit institutions - members of banking groups, being the parent credit institutions of banking groups which are part of the above-stated banking groups if reporting data of their subgroups are not included in consolidated financial statements of banking groups, shall open:

annually - annual consolidated financial statements;

quarterly - intermediate consolidated financial statements.

Together with annual consolidated financial statements the audit opinion according to it is published.

Together with intermediate consolidated financial statements for the first half of the year the audit opinion according to it or other document constituted by results of verification of the specified reporting according to standards of auditor activities reveals. If the intermediate consolidated financial statements for the first quarter and (or) nine months were performed, the specified reporting reveals together with audit opinion on it or other document constituted by results of verification of the specified reporting according to standards of auditor activities.

For the purpose of creation of consolidated financial statements by parent credit institution of banking group recognition of reporting these members of banking group insignificant proceeding from the criteria of materiality established in the internal documents of the banking groups containing high-quality and quantitative criteria of materiality developed by them according to Item 1.3 of the Provision of the Bank of Russia No. 729-P is not the basis for not disclosure of consolidated financial statements.

2. Annual consolidated financial statements or intermediate consolidated financial statements (further in case of joint mentioning - the reporting) are considered opened if it is placed in information systems public, including the Internet, and (or) is published in the mass media available to persons interested in it, and (or) concerning the specified reporting other actions providing its availability to persons interested in it irrespective of the purposes of receipt of this reporting under the procedure guaranteeing its stay and obtaining, including provision to specified persons of booklets, brochures and other editions are carried out.

The annual consolidated financial statements reveal no later than 150 calendar days in time after the termination of year for which this reporting is constituted.

The intermediate consolidated financial statements reveal no later than 60 calendar days in time after the reporting period for which this reporting is constituted.

3. If the parent credit institution of banking group makes the decision on placement of the reporting in information systems public, including the Internet, such placement is performed on own website of parent credit institution of banking group on the Internet (further - the website of parent credit institution of banking group). If the parent credit institution of banking group makes the decision on placement of the reporting in other, other than the website of parent credit institution of banking group, the place, she posts information on the place of disclosure of the reporting on the website of parent credit institution of banking group.

The parent credit institution of banking group in case of placement of the reporting on the website of parent credit institution of banking group or in other, other than the website of parent credit institution of banking group, the place provides open round-the-clock entry to the reporting to interested persons for acquaintance without restrictions. At the same time the parent credit institution of banking group specifies also other sources where interested persons can study this reporting.

The parent credit institution of banking group posts the reporting on the website of parent credit institution of banking group or in other, other than the website of parent credit institution of banking group, the place in chronological procedure and specifies the name of the reporting, the accounting period for which it is constituted, date of its submission to the Bank of Russia, date, number and the name of the edition in which the reporting is published (in the presence), and also date of its placement on the website of parent credit institution of banking group or in other, other than the website of parent credit institution of banking group, the place and date to which it is available to persons interested in it.

The reporting posted on the website of parent credit institution of banking group or in other, other than the website of parent credit institution of banking group the place, shall be available to persons interested in it together with audit opinion on it or other document constituted by results of its check according to standards of auditor activities within three years from the date of its placement.

4. If the parent credit institution of banking group makes the decision on disclosure of the reporting in mass media and on the website of parent credit institution of banking group, disclosure in mass media shall be followed by the reference to the website of parent credit institution of banking group.

5. If the parent credit institution of banking group makes the decision on disclosure of the reporting in booklets, brochures and other editions in addition to disclosure of the reporting on the website of parent credit institution of banking group and (or) in mass media, the parent credit institution of banking group specifies in booklets, brochures and other editions the address of the website of parent credit institution of banking group, date of placement of the reporting on the website of parent credit institution of banking group and date to which this reporting is available to persons interested in it, or date of disclosure in mass media, and also date of submission of the reporting to the Bank of Russia in the presence of the specified information for signature date in seal of booklets, brochures and other editions.

6. In case of adoption by parent credit institution of banking group of the decision on disclosure of the reporting by means of placement on the website of parent credit institution of banking group or carrying out other actions providing availability of the reporting to persons interested in it, the parent credit institution of banking group sends to the structural division of the Bank of Russia exercising supervision of activities of banking group within three working days from the date of adoption of such solution of the data on method and the place of disclosure of the reporting with indication of structure of the opened reporting and date of its disclosure.

In case of disclosure in mass media (the printing edition) of the reporting which is subject to submission to the Bank of Russia, copy of the original of the edition in which the reporting is published goes to the structural division of the Bank of Russia exercising supervision of activities of banking group within three working days from the date of its publication.

7. This Instruction becomes effective after 10 days after day of its official publication.

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