Regulatory Alerts2020-07-17 | 29662Added · Updated
Circular Letter CB-OIFI-1318/2020 on IFRS 9 Reporting
The Central Bank of Trinidad and Tobago has cancelled the requirement for licensed financial institutions to submit quarterly reports on the implementation of International Financial Reporting Standard 9 (IFRS 9). This directive, effective immediately, exempts institutions from the quarterly submission obligations previously established in Circular Letter CB-OIFI-1524/2018. The Central Bank determined that institutions have sufficiently implemented IFRS 9, rendering further quarterly monitoring unnecessary.
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