INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of March 24, 2020 No. 5420-U

About procedure for reflection on accounts of financial accounting of investments of credit institutions in the securities (except bills of exchange) estimated at fair value

This Instruction based on article 57 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; 2018, No. 53, the Art. 8440), article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" (The Russian Federation Code, 2011, No. 50, Art. 7344; 2019, No. 30, the Art. 4149) 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 March 20, 2020 No. 6) establish procedure for reflection on accounts of financial accounting of investments of credit institutions in the securities (except bills of exchange) estimated at fair value.

1. The decision on application of the procedure for reflection established by this Instruction on accounts of financial accounting of investments in the securities (except bills of exchange) estimated at fair value is accepted by the governing body of credit institution performing the current management of activities of credit institution (further - the decision), concerning separate issues of securities. The decision is made till September 30, 2020.

2. The made decision affirms as accounting policy of credit institution and is not subject to cancellation.

3. In case of decision making according to Item of 1 this Instruction by credit institution are reflected in accounts of financial accounting of investment in the securities (except bills of exchange) estimated at fair value in the following procedure.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info