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It is registered

Ministry of Justice

Russian Federation

On September 20, 2022 No. 70157

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 16, 2022 No. 6219-U

About establishment of starting date of obligatory application of the International accounting standard (IFRS) 17 "Insurance contracts" and the International accounting standard (IFRS) 9 "Financial instruments" insurance companies, societies of mutual insurance and non-state pension funds, about modification of separate regulations of the Bank of Russia concerning financial accounting and accounting (financial) records of not credit financial credit institutions and about cancellation of separate regulations of the Bank of Russia concerning conducting financial accounting by the not credit financial credit institutions

Based on article 7 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" <1>, parts 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" <2>, parts 1 - 3 articles 3 of the Federal Law of July 27, 2010 No. 208-FZ "About consolidated financial statements" <3>, taking into account the subitem "an" of Item 2 of the order of the Government of the Russian Federation of February 25, 2011 No. 107 "About approval of the Regulations on recognition of International accounting standards and Explanations of International accounting standards for application in the territory of the Russian Federation" <1>:

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<1> Russian Federation Code, 2002, No. 28, Art. 2790; 2018, No. 11, Art. 1588.

<2> Russian Federation Code, 2011, No. 50, Art. 7344; 2021, No. 27, Art. 5187.

<3> Russian Federation Code, 2010, No. 31, Art. 4177; 2014, No. 19, Art. 2316.

<1> Russian Federation Code, 2011, No. 10, Art. 1385; 2022, No. 26, Art. 4493.

1. Establish starting date of obligatory application of the International accounting standard (IFRS) 17 "Insurance contracts" <2> insurance companies, societies of mutual insurance and non-state pension funds since January 1, 2025 and since the accounting periods beginning on January 1, 2025 or after this date.

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<2> No. 65n "About introduction of the International accounting standard (IFRS) 17 "Insurance contracts" in action in the territory of the Russian Federation and about cancellation of separate provisions of orders of the Ministry of Finance of the Russian Federation in the territory of the Russian Federation" is enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of April 20, 2021 (registration No. 63562) is registered by the Ministry of Justice of the Russian Federation on May 21, 2021.

2. Establish starting date of obligatory application of the International accounting standard (IFRS) 9 "Financial instruments" in edition of 2014 <3> insurance companies, societies of mutual insurance and non-state pension funds since January 1, 2025 and since the accounting periods beginning on January 1, 2025 or after this date.

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<3> No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation" Is enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 (it is registered by the Ministry of Justice of the Russian Federation on July 15, 2016, registration No. 42869) with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of July 11, 2016 No. 111n "About enforcement and cancellation of documents of International accounting standards in the territory of the Russian Federation" (registration No. 43044) is registered by the Ministry of Justice of the Russian Federation on August 1, 2016, the order of the Ministry of Finance of the Russian Federation of March 27, 2018 No. 56n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation" (registration No. 50779) is registered by the Ministry of Justice of the Russian Federation on April 16, 2018, the order of the Ministry of Finance of the Russian Federation of June 4, 2018 No. 125n "About introduction of the document of International accounting standards in action in the territory of the Russian Federation" (registration No. 51396) is registered by the Ministry of Justice of the Russian Federation on June 21, 2018, the order of the Ministry of Finance of the Russian Federation of September 16, 2019 No. 146n "About introduction of the document of International accounting standards "Editorial corrections in IFRS" in action in the territory of the Russian Federation" (registration No. 56187) is registered by the Ministry of Justice of the Russian Federation on October 9, 2019, the order of the Ministry of Finance of the Russian Federation of April 7, 2020 No. 55n "About introduction of the document of International accounting standards "Reform of benchmark interest rate (The amendment to IFRS (IFRS) 9, IFRS (IAS) 39 and IFRS (IFRS) 7)" in action in the territory of the Russian Federation" (registration No. 58832) is registered by the Ministry of Justice of the Russian Federation on July 3, 2020, the order of the Ministry of Finance of the Russian Federation of December 14, 2020 No. 304n "About introduction of the document of International accounting standards "Amendments to IFRS (IFRS) 17 "Insurance contracts" in action in the territory of the Russian Federation" (registration No. 62135) is registered by the Ministry of Justice of the Russian Federation on January 19, 2021, the order of the Ministry of Finance of the Russian Federation of February 17, 2021 No. 23n "About introduction of the document of International accounting standards "Reform of benchmark interest rate - stage 2 (Amendments to IFRS (IFRS) 9, IFRS (IAS) 39, IFRS (IFRS) 7, IFRS (IFRS) 4 and IFRS (IFRS) 16)" in action in the territory of the Russian Federation" (registration No. 62829), the order of the Ministry of Finance of the Russian Federation of February 17, 2021 No. 24n "About introduction of documents of International accounting standards "Amendments to references to "Conceptual bases" (Amendments to IFRS (IFRS) 3 "Integration of businesses") ", " fixed assets - receipts before proper use (The amendment to IFRS (IAS) 16 "Fixed assets" is registered by the Ministry of Justice of the Russian Federation on March 22, 2021) ", " burdensome agreements - costs for agreement performance (Amendments to IFRS (IAS) 37) "and" annual enhancements of International accounting standards, the period of 2018 - 2020" in action in the territory of the Russian Federation" (registration No. 62828) is registered by the Ministry of Justice of the Russian Federation on March 22, 2021.

3. Bring the following changes in regulations of the Bank of Russia:

3.1. In the Provision of the Bank of Russia of March 22, 2018 No. 635-P "About procedure for reflection on accounts of financial accounting of lease agreements by not credit financial credit institutions" <1>:

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