INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of March 24, 2020 No. 5419-U

About procedure for reflection on accounts of financial accounting of investments in the securities (except bills of exchange) estimated at fair value, the separate not credit financial credit institutions

This Instruction based on part 6 of 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 in the securities (except bills of exchange) estimated at fair value, professional participants of the security market, managing companies of investment funds, mutual investment funds and non-state pension funds, specialized depositaries of investment funds, mutual investment funds and non-state pension funds, joint-stock investment funds, the clearing organizations, the central partners, organizers of trade, subjects of insurance case, non-state pension funds, the microfinancial organizations, bureau of credit histories, credit rating agencies.

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 the professional participant of the security market, managing company of investment funds, mutual investment funds and non-state pension funds, specialized depositary of investment funds, mutual investment funds and non-state pension funds, joint-stock investment fund, the clearing organization, the central partner, organizer of trade, the subject of insurance case, non-state pension fund, the microfinancial organization, bureau of credit histories, credit rating agency (further - the separate not credit financial credit institution) performing the current management of activities of the separate not credit financial credit institution (further - the decision), concerning separate issues of securities. The decision is made till September 30, 2020.

2. The made decision affirms the separate not credit financial credit institution as accounting policy and is not subject to cancellation for action of this Instruction.

3. In case of decision making according to Item of 1 this Instruction of investment in the securities (except bills of exchange) estimated at fair value are reflected the separate not credit financial credit institution in accounts of financial accounting with observance of the following requirements.

3.1. Debt securities (except bills of exchange) and the equity securities acquired till March 1, 2020, which are registered for decision date on balance sheet accounts No. 501 "Debt securities, estimated at fair value through profit or loss", No. 502 "Debt securities, available for sale, or the debt securities estimated at fair value through other comprehensive income", No. 506 "Equity securities, estimated at fair value through profit or loss", No. 507 "Equity securities available for sale, or the equity securities estimated at fair value through other comprehensive income" are estimated by the separate not credit financial credit institution at fair value which developed for March 1, 2020.

3.2. The debt securities (except bills of exchange) acquired during the period from March 1, 2020 to September 30, 2020 are estimated by the separate not credit financial credit institution at fair value which developed for date of acquisition.

3.3. In case of revaluation of debt securities (except bills of exchange) and the equity securities estimated at fair value through profit or loss, at fair value according to subitem 3.1 of this Item, and also according to subitem 3.2 of this Item if debt securities are acquired to decision date, the separate not credit financial credit institution performs accounting entries:

Debit of the balance sheet account of accounting of negative revaluation of securities

The credit of the account on accounting of the income from revaluation of securities No. 71503 "The income (except percentage) from transactions with the acquired debt securities" or No. 71505 "The income from transactions with the acquired equity securities" (in the report on financial results (further - OFR) on symbols of the subsection 2 "Income from Transactions on Revaluation of the Acquired Debt Securities (including Bills of Exchange) Estimated at Fair Value through Profit Or Loss" of the Section 3 "Income (except Percentage) from Transactions with the Acquired Debt Securities" or subsection 2 "The income from transactions on revaluation of the acquired equity securities, income from the financial instrument transactions estimated at fair value through profit or loss of" the Section 4 "Income from Transactions with the Acquired Equity Securities" of part 3 "And precious metals") or accounts on the expense accounting from revaluation of securities No. 71504 "Expenses on transactions with the acquired debt securities" or No. 71506 "Expenses on transactions with the acquired equity securities" (in OFR on symbols of the subsection 2 "On Revaluation of the Acquired Debt Securities (including Bills of Exchange) Estimated at Fair Value through Profit Or Loss" of the Section 2 "Expenses (except Percentage) on Transactions with the Acquired Debt Securities" or subsection 2 "Expenses on transactions on revaluation of the acquired equity securities, estimated at fair value through profit or loss of" the Section 3 "Expenses on Transactions with the Acquired Equity Securities" of part 4 "Expenses on financial instrument transactions and precious metals");

Debit of the balance sheet account of accounting of positive revaluation of securities

The account No. 71503 credit "The income (except percentage) from transactions with the acquired debt securities" "No. 71505" silt the income from transactions with the acquired equity securities" (in OFR on symbols of the subsection 2 "Income from Transactions on Revaluation of the Acquired Debt Securities (including Bills of Exchange) Estimated at Fair Value through Profit Or Loss" of the Section 3 "Income (except Percentage) from Transactions with the Acquired Debt Securities" or the subsection 2 "Income from Transactions on Revaluation of the Acquired Equity Securities Estimated at Fair Value through Profit Or Loss" of the Section 4 "Income from Transactions with the Acquired Equity Securities" of part 3 "The income from financial instrument transactions and precious metals").

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