Regulatory Alerts2026-08-24
Added
General Standard No. 574 — Norms for Supervised Savings and Credit Cooperatives on Exceptional Requirements and Conditions for Requesting Refund of Participation Shares, and Establishing Modifications in the Compendium of Accounting Standards for Cooperatives
General Standard No. 574 establishes the exceptional requirements and conditions for supervised Savings and Credit Cooperatives (CACs) to request the refund of participation shares when capital contributions are insufficient, introducing new Chapter CAC-21 to the RAN CACs. The regulation mandates that cooperatives maintain an effective equity ratio above 21% of risk-weighted assets, hold an A or B management classification, and submit a Commission-approved refund plan detailing risk mitigators and communication strategies. It further modifies the Compendium of Accounting Standards for Cooperatives to separate paid capital subject to refund under Article 19 bis, with the accounting changes effective from January 1, 2027.
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