Regulatory Provisions for the Implementation of the Accounting Framework for Financial Leasing Entities, Factoring Entities, and Non-Bank Fiduciary Service Providers

/A Superintendent of Banks and Other Financial Institutions OFFICE OF THE SUPERINTENDENT OF BANKS AND OTHER FINANCIAL INSTITUTIONS. MANAGUA, TWENTY-SECOND OF JULY OF THE YEAR TWO THOUSAND TWENTY-FIVE. AT EIGHT THIRTY IN THE MORNING.

CONSIDERING

I

That on June 4, 2025, the Monetary and Financial Board issued regulations on the authorization and regulation of non-bank fiduciary service providers, financial leasing entities, and factoring entities, contained in Resolutions CDMF-XIX-2-25, CDMF-XIX-3-25, and CDMF-XIX-4-25, respectively.

II

That the aforementioned regulations empower the Superintendent to establish the accounting treatment for financial leasing and factoring contracts, also authorizing the issuance of necessary provisions for the implementation of said regulations.

In accordance with the considerations stated above.

In exercise of its powers,

HAS ISSUED

The following,

Resolution SIB-OIF-XXXIII-445-2025

REGULATORY PROVISIONS FOR THE IMPLEMENTATION OF THE ACCOUNTING FRAMEWORK FOR FINANCIAL LEASING ENTITIES, FACTORING ENTITIES, AND NON-BANK FIDUCIARY SERVICE PROVIDERS

FIRST: Object and Scope. - The purpose of this resolution is to approve the "Accounting Framework for Financial Leasing Entities, Factoring Entities, and Non-Bank Fiduciary Service Providers," which consists of a uniform system of accounting records for the aforementioned entities, allowing the financial statements they prepare to be presented in a homogeneous manner and adequately reflect their financial, equity, and management results. The Accounting Framework is contained in the Annex of this resolution, being an integral part thereof.

SECOND: Responsibilities of the Board of Directors. - The board of directors of the entities shall have, among others, the following responsibilities:

a) Approve the implementation plan for the accounting framework; b) Approve changes or adjustments to their manuals, policies, operational procedures, internal control models, and other topics related to the Accounting Framework; c) Guarantee the human, technological, and financial resources necessary for the implementation of the Accounting Framework; and d) Ensure that the implementation activities of the Accounting Framework are carried out in a timely and proper manner, to ensure compliance with what is established in this resolution.

THIRD: This resolution shall enter into force from its publication on the website of the Superintendent of Banks and Other Financial Institutions.

Lie. Luis [Name Redacted] Superintendent of Banks and Other Financial Institutions

9 Km 7 Sur Highway, Managua, Nicaragua. Postal Box

BPBX (505) 2298 2100 c (505) 7826 2900 m Email: correo@siboif.gob.ni www.siboif.gob.ni