A special recording procedure for certain securities will be in effect until the end of 2025
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02.03.2026
UNDER CERTAIN CONDITIONS, A GROUP ENTITY MAY BE EXEMPT FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS
An entity that is part of a group whose financial statements do not have a wide range of interested users or independent material significance for users may be permitted not to prepare consolidated financial statements.
This applies to insurance organisations (except for health insurance organisations operating exclusively within the compulsory medical insurance system), non-state pension funds, management companies of investment funds, mutual investment funds, and non-state pension funds.
At the same time, three conditions must be met. First, the entity must not be an issuer of securities admitted to organised trading. Second, it must notify its shareholders or founders of its decision, and they must consent to it. Third, information reflecting the financial position and financial performance of the entity must be included in the financial statements disclosed by another entity within the group.
A requirement is introduced for a group entity to provide information reflecting its financial position, financial performance, and changes in its financial position to the relevant entity that discloses financial statements including such information.
These changes do not affect organisations that prepare, present, and/or disclose consolidated financial statements (financial reports) in accordance with other federal laws.
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