Regulatory Alerts2016-03-11
Added · Updated
Instruction No. 2016-I-09 of March 11, 2016, on the coverage ratio of land credit companies and housing finance companies (repealed)
This instruction establishes reporting requirements for credit institutions authorized as land credit companies or housing finance companies, mandating the quarterly submission of a specific statement detailing the calculation of the coverage ratio, asset composition limits, and amounts eligible for refinancing through privileged resources. The report must be submitted electronically in XML-XBRL format within three months of each quarter-end, with a transitional provision allowing paper submissions with electronic .xls files until December 31, 2016. The instruction explicitly repeals the previous Instruction No. 2011-I-06 and enters into force immediately upon publication.