INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 30, 2025 No. 7117-U

About procedure for reflection on the accounts of financial accounting of the property trust management agreement and the facts of economic life connected with its implementation, not credit financial credit institutions, bureau of credit histories, credit rating agencies

This Instruction 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 the accounts of financial accounting of the property trust management agreement and the facts of economic life connected with its implementation, not credit financial credit institutions, bureau of credit histories, credit rating agencies.

Chapter 1. General provisions

1.1. This Instruction is applied by not credit financial credit institutions, bureau of credit histories, credit rating agencies which are founders of management (further - the founder of management), and not credit financial credit institutions, being trustees (further - the trustee).

1.2. Not credit financial credit institution, bureau of credit histories, credit rating agency shall reflect the property trust management agreement and the facts of economic life connected with its implementation in accounts of financial accounting of the chart of accounts of financial accounting for not credit financial credit institutions, the bureau of credit histories, credit rating agencies 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 - the Chart of accounts).

1.3. In case of reflection on accounts of financial accounting of the property delivered in trust management, the founder of management shall isolate it from other property of the founder of management, specifying sign of trust management in number of personal account, and also to provide separate accounting according to each property trust management agreement.

In case of reflection on accounts of trust management and off-balance accounts of financial accounting of the property received in trust management, the trustee shall isolate it from property of the trustee, and also provide separate accounting according to each property trust management agreement.

Chapter 2. Reflection on accounts of financial accounting by not credit financial credit institutions, bureau of credit histories, the credit rating agencies which are founders of management, the property trust management agreement and the facts of economic life connected with its implementation

2.1. The founder of management shall reflect in accounts of financial accounting cession of property in trust management at book value on which the specified property is reflected in accounts of financial accounting of the founder of management for date of transfer.

2.2. The founder of management shall reflect in accounts of financial accounting transfer to trust management of property (except money) the following accounting entries:

the cost of the transferred property (except money) as a part of assets:

The debit of the account of assets, depending on the property delivered in trust management (sign of trust management - 1)

The credit of the account of assets, depending on the property delivered in trust management (sign of trust management - 0);

the amount of cumulative positive revaluation and the adjustments increasing the cost of the property delivered in trust management:

The debit of the account of Section 5 of the Chart of accounts, depending on the property delivered in trust management (sign of trust management - 1)

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