Regulatory Alerts2024-04-08
Added · Updated
Banks and Financial Intermediation Cooperatives - Article 477.1 of the RNRCSF - Disclosure of information to the market on capital, risk management and other prudential requirements - Modification
The Superintendence of Financial Services modifies Article 477.1 of the RNRCSF to require banks and financial intermediation cooperatives to disclose qualitative and quantitative information regarding their regulatory capital, risk management, and other prudential requirements. The rule mandates that disclosures be understandable, consistent with data submitted to the regulator, and available in a single public location on the institution's website. Institutions must update qualitative information annually or upon significant changes, and quantitative information according to specific form frequencies, publishing updates within 60 days (or 90 days for fiscal year-end data) while retaining information for the last five years.
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