Regulatory Alerts2017-10-04 | 29588Added · Updated
Central Bank of Trinidad and Tobago Circular on IFRS 9 Implementation
The Central Bank of Trinidad and Tobago requires all licensees under the Financial Institutions Act, 2008, and insurance companies under the Insurance Act to submit implementation status reports by October 20, 2017. The submission must include approved implementation plans, details of internal and external parties engaged, identified challenges, and assessments of impacts on measurement, classification, and capital ratios. These requirements support the regulator's dialogue regarding the adoption of International Financial Reporting Standard 9, which becomes effective on January 1, 2018.
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