Regulatory Alerts2026-01-19
Regulatory Provisions for the Implementation of the Accounting Framework for Savings and Credit Cooperatives
The Superintendent of Banks and Other Financial Institutions of Nicaragua issued Resolution SIB-OIF-XXXIV-036-2026 to approve the Uniform Accounting Framework for Savings and Credit Cooperatives. The resolution prohibits these entities from engaging in derivative instruments and credit portfolio trading without express authorization and mandates that their Boards of Administration approve implementation plans and allocate necessary resources. Furthermore, it stipulates that conversion adjustments arising from the initial application of the framework are recognized as accumulated surplus only upon the realization of all cash flows.
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