Federal Law № 209-FZ makes changes

28 July 2010

The Federal Law Nr. 209-FZ introduces changes which will affect open joint-stock companies (quasi-public companies), banks and other credit institutions, insurance companies, stock and trade exchanges, investment and other funds managing private, public and state funds.

According to the new wording of article 16 of the Federal Law “On Accounting” these companies will have to publish their annual financial statement not later than 1st of July of the year following the accounting period.

The old version of article 16 of the Federal Law “On Accounting” provided that the annual financial statement of these companies was supposed to be published not later than 1st of June of the year following the accounting period.

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