PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 21, 2024 No. 838-P

About procedure for reflection on accounts of financial accounting of agreements of long-term savings by non-state pension funds

This Provision based on part 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" establishes procedure for reflection on accounts of financial accounting of agreements of long-term savings by non-state pension funds.

Chapter 1. General provisions

1.1. For the purpose of this provision the following concepts are applied:

"insurance contract", "the investment contract with conditions of discretionary participation", "the burdensome agreement", "the agreement concerning which there is no considerable probability that subsequently it will become burdensome", "the insurance contract with conditions of direct participation", "the insurance contract without conditions of direct participation", "portfolio of agreements", "initial agreement", "the new agreement", "basic Articles", "margin for the services provided by the agreement", "cash flows on agreement performance", "cash flows within the agreement", "acquisition cash flows", "the risk amendment on non-financial risk", "investment component", "the obligation on the covering rest", "the obligation according to the arisen requirements", "conditions of discretionary participation", "revenue on insurance", "loss component", "disaggregating", "adjustment on the basis of experience" - in values established by the International accounting standard (IFRS) 17 "Insurance contracts" <1> (further - IFRS (IFRS) 17);

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<1> 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" (registration No. 63562), with the amendment enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of October 4, 2023 No. 155n "About introduction of documents of International accounting standards "Initial application of IFRS (IFRS) 17 and IFRS (IFRS) 9 - the Comparative information (The amendment to IFRS (IFRS) 17)", "Determination of accounting valuations (The amendment to IFRS (IAS) 8 "Accounting policy, changes in accounting valuations and mistakes" is registered by the Ministry of Justice of the Russian Federation on May 21, 2021)" 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, "The obligation on lease in transaction of sale with reversionary lease (Amendments to IFRS (IFRS) 16)" in action in the territory of the Russian Federation" (registration No. 76077) is registered by the Ministry of Justice of the Russian Federation on November 23, 2023.

"the built-in derivative tool" - in value, stipulated in Item 4.3.1 International accounting standard (IFRS) 9 "Financial instruments" in edition of 2014 <2> (further - IFRS (IFRS) 9);

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<2> 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 (registration No. 42869) is registered by the Ministry of Justice of the Russian Federation on July 15, 2016 (further - the order of the Ministry of Finance of the Russian Federation No. 98n), 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) (further - the order of the Ministry of Finance of the Russian Federation No. 111n 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 (further - the order of the Ministry of Finance of the Russian Federation No. 125n), 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) (further - the order of the Ministry of Finance of the Russian Federation No. 304n 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.

"financial liability" - in value, stipulated in Item 11 International accounting standards (IAS) 32 "Financial instruments: representation" <3>.

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<3> No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation" (registration No. 40940) (further - the order of the Ministry of Finance of the Russian Federation No. 217n is registered by the Ministry of Justice of the Russian Federation on February 2, 2016), with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n, the order of the Ministry of Finance of the Russian Federation No. 111n, the order of the Ministry of Finance of the Russian Federation No. 125n, the order of the Ministry of Finance of the Russian Federation No. 304n Is enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of December 28, 2015.

1.2. For the purposes of reflection on accounts of financial accounting of agreements of long-term savings (further - agreements DS) the non-state pension fund (further - fund) shall make the following actions.

1.2.1. Distribute agreements DS and distinguishable investment components allocated from agreements DS according to Items 10 and 11 (b) of IFRS (IFRS) 17 determined by fund as investment contracts with conditions of discretionary participation according to accounting policy of fund on:

the insurance contracts considered by fund on accounts of financial accounting according to IFRS (IFRS) 17 (further - the agreements classified as insurance, considered according to IFRS (IFRS) 17);

the investment agreements with conditions of discretionary participation considered by fund on accounts of financial accounting according to IFRS (IFRS) 17 provided that the fund signs the insurance contracts considered according to IFRS (IFRS) 17 (further - the agreements classified as investment, considered according to IFRS (IFRS) 17);

the investment agreements with conditions of discretionary participation considered by fund on accounts of financial accounting according to IFRS (IFRS) 9 provided that the fund does not sign the insurance contracts considered according to IFRS (IFRS) 17;

the investment agreements without conditions of discretionary participation considered by fund on accounts of financial accounting according to IFRS (IFRS) 9;

the distinguishable investment components determined by fund as the agreements classified as investment, considered according to IFRS (IFRS) 17;

the distinguishable investment components determined by fund as investment contracts with conditions of discretionary participation, considered by fund on accounts of financial accounting according to IFRS (IFRS) 9 provided that the fund does not sign the insurance contracts considered according to IFRS (IFRS) 17.

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