Regulatory Alerts2025-08-01 | Resolución SBS 02663-2025SBS Resolution No. 02663-2025: Amending the Accounting Manual for Financial System Companies to Harmonize Provisions with IFRS 9, IFRS 13, and IFRS 15
The Peruvian Superintendence of Banks, Insurance and Private Pension Fund Administrators (SBS) issued Resolution No. 02663-2025 to amend the Accounting Manual for Financial System Companies, aligning its core provisions with IFRS 9, IFRS 13, and IFRS 15. The resolution mandates comprehensive updates to the chart of accounts, financial statement formats, and complementary reporting annexes, while establishing specific transitional accounting treatments for asset reclassifications and impairment models. Financial institutions must adjust their opening 2027 balances to the new policies, disclose comparative notes in quarterly and annual statements, and obtain shareholder approval for profit distributions derived from these adjustments.
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