INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of March 23, 2023 No. 6378-U

About procedure for reflection on accounts of financial accounting by the separate not credit financial credit institutions, bureau of credit histories, credit rating agencies of separate assets and (or) obligations in foreign currency in the conditions of action of measures of restrictive nature

This Instruction based on part 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" 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 17, 2023 No. PSD-11) establish procedure for reflection on accounts of financial accounting by the professional participant of the security market, managing company of investment fund, mutual investment fund and non-state pension fund, specialized depositary of investment fund, mutual investment fund and non-state pension fund, joint-stock investment fund, the clearing organization, the organizer of trade, insurance company, society of mutual insurance, insurance broker who is the legal entity, non-state pension fund, the microfinancial organization, pawnshop, bureau of credit histories credit rating agency of separate assets and (or) obligations in foreign currency in the conditions of action of the measures of restrictive nature entered by foreign state, national association and (or) the union and (or) the public (interstate) institution of foreign state or national association and (or) union concerning the Russian Federation, citizens of the Russian Federation or the Russian legal entities.

1. The professional participant of the security market, managing company of investment fund, mutual investment fund and non-state pension fund, specialized depositary of investment fund, mutual investment fund and non-state pension fund, joint-stock investment fund, the clearing organization, the organizer of trade, insurance company, society of mutual insurance, insurance broker who is the legal entity, non-state pension fund, the microfinancial organization, pawnshop (further in case of joint mentioning - the separate not credit financial credit institution), the bureau of credit histories, credit rating agency reflect in accounts of financial accounting the following assets in foreign currency with which because of the measures of restrictive nature entered by foreign state national association and (or) the union and (or) the public (interstate) institution of foreign state or national association and (or) the union concerning the Russian Federation, citizens of the Russian Federation or the Russian legal entities (further - measures of restrictive nature), limits making of transactions or transactions (further - the blocked assets):

foreign currency cash on accounts and in deposits (deposits) in credit institutions, nonresident banks, including the foreign currency cash received by the separate not credit financial credit institution, bureau of credit histories, credit rating agency within payments for foreign securities and placed on accounts in the foreign organizations having the right according to their personal law to perform accounting and transition of the rights to securities;

requirements of the separate not credit financial credit institution, bureau of credit histories, credit rating agency which subject is foreign currency cash, securities;

the securities issued by residents of foreign states which entered measures of restrictive nature.

2. The blocked assets recognized non-refundable according to the decision of the separate not credit financial credit institution, bureau of credit histories, credit rating agency (further - the non-refundable blocked assets), are reflected in financial accounting in the same balance sheet accounts of the second procedure for the chart of accounts of financial accounting for not credit financial credit institutions, bureau of credit histories, credit rating agencies and procedure for its application approved by the Bank of Russia according to 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)" (further respectively - the Federal Law No. 86-FZ, balance sheet accounts) on which similar assets concerning which measures of restrictive nature are not entered are considered.

3. The non-refundable blocked assets and (or) obligations in foreign currency which are acknowledged in financial accounting in connection with reflection of the non-refundable blocked assets (further in case of joint mentioning - the non-refundable blocked assets and (or) obligations) are reflected the separate not credit financial credit institution, bureau of credit histories, credit rating agency in accounts of financial accounting in the following procedure:

3.1. The cost of the non-refundable blocked assets and (or) obligations which are registered on the date of entry into force of this Instruction on personal accounts of balance sheet accounts of the separate not credit financial credit institution, bureau of credit histories, credit rating agency (further - personal accounts) in foreign currency, is transferred to personal accounts in rubles on the official rate of foreign currency in relation to the ruble established by the Bank of Russia according to Item 15 of article 4 of the Federal Law No. 86-FZ (further - the official rate), operating for December 31, 2023.

3.2. The blocked assets, and also obligations which are acknowledged in financial accounting in connection with reflection of the blocked assets 3 presents of the Instruction which are registered on the date of entry into force of this Instruction on personal accounts in rubles and being the non-refundable blocked assets and liabilities according to Item 2 and paragraph one of Item, continue to be considered on the same personal accounts in rubles.

3.3. If measures of restrictive nature are entered after entry into force of this Instruction, the non-refundable blocked assets and (or) obligations are reflected in personal accounts in rubles on the official rate operating on Date of Introduction of measures of restrictive nature.

4. The separate not credit financial credit institution, bureau of credit histories, credit rating agency transfer the cost of the blocked assets which are not the non-refundable blocked assets and (or) obligations which are acknowledged in financial accounting in connection with reflection of the blocked assets which are not the non-refundable blocked assets, registered on the date of entry into force of this Instruction on personal accounts in rubles on personal accounts in foreign currency on the official rate operating for December 31, 2023.

5. The non-refundable blocked assets and (or) obligations provided by subitems 3.1 and 3.2 of Item 3 presents of the Instruction are reflected in financial accounting of the separate not credit financial credit institution, bureau of credit histories, credit rating agency in rubles without recalculation of their cost in connection with changes of the official rate.

6. This Instruction is subject to official publication and becomes effective since January 1, 2024.

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