Regulatory Alerts2011-03-16 | CBFA 2011_11Added · Updated
CBFA Communication 2011_11: Periodic Reporting Scheme
The CBFA clarifies the accounting treatment for operations involving deposit, financial instrument, and life insurance protection funds. Contributions paid to these funds must be recorded under 'Other administrative expenses' (item 40.7201), while reimbursements are recorded under 'Other operating income' (item 41.400). Any receivables or payables related to these funds are to be reported under 'Other receivables' (item 70.030) or 'Other payables' (item 20.400). These instructions apply to entities subject to the protection fund regime, including stockbroking companies, portfolio management companies, and OPC management companies.
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