ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of February 25, 2011 No. 107

About approval of the Regulations on recognition of the standards "IFRS Standards" and explanations of the standards "IFRS Standards" for application in the territory of the Russian Federation

According to part 3 of article 3 of the Federal law "About Consolidated Financial Statements" Government of the Russian Federation decides:

1. Approve the enclosed Regulations on recognition of the standards "IFRS Standards" and Explanations of the standards "IFRS Standards" for application in the territory of the Russian Federation (further - the Provision).

2. Determine that till December 31, 2023 inclusive:

a) International accounting standards and Explanations of International accounting standards recognized for application in the territory of the Russian Federation according to the procedure according to the Provision, but which did not become effective in the territory of the Russian Federation for obligatory application till January 1, 2022 become effective in the territory of the Russian Federation for obligatory application by separate types of not credit financial credit institutions in the terms determined in these documents, but not earlier than the terms established by the Central bank of the Russian Federation for such organizations;

b) Item 7 of the Provision is applied taking into account the subitem "an" of this Item.

Approved by the Order of the Government of the Russian Federation of February 25, 2011 No. 107

Regulations on recognition of the standards "IFRS Standards" and explanations of the standards "IFRS Standards" for application in the territory of the Russian Federation

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