Regulatory Alerts2024-06-05 | NCF-03Technical Standards for the Registration of Real Estate Revaluations of Financial Entities
The Central Bank of El Salvador's Standards Committee issued Technical Standards CBCR-04/2024 to establish accounting criteria for the registration, depreciation, and adjustment of real estate revaluations for regulated financial entities. The document defines the scope of application, calculation methods for revaluation values and depreciation, and specific journal entries for various disposal scenarios including sales with gains or losses. It explicitly prohibits capitalizing revaluation surpluses or distributing them as dividends, while derogating previous regulations and setting the effective date for June 20, 2024.
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