Regulatory Alerts2023-12-18
Added · Updated
Circular 14/23 — Disclosure in Annual Financial Statements of Transitional Measures to Mitigate the Impact of Fair Value on Investment Portfolios of Securities Intermediaries and Investment Funds
Circular 14/23 mandates that securities intermediaries and investment funds in the Dominican Republic that adopted transitional measures to mitigate fair value impacts must disclose specific information in their 2023 annual financial statements. These disclosures must include the application of the transitional framework, qualitative differences from IFRS, quantitative effects on fixed-income reclassifications and regulatory indicators, and comparative balances for investment funds. External auditors are required to opine on the integrity of these effects and report on the entity's ability to operate as a going concern.
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