2005-12-30

Added

Notice No. 13/2005 of the Bank of Portugal

The Bank of Portugal amends Notice No. 1/2005 to establish a common transitional accounting regime for the Central Credit Union of Mutual Agricultural Credit and SICAM mutual agricultural credit unions, allowing them to prepare individual financial statements under Instruction No. 4/96 until December 31, 2006. The Central Credit Union may also prepare consolidated statements under Instructions Nos. 4/96 and 71/96 until that date, with additional recalculation requirements under Adjusted Accounting Standards (NCA) or International Accounting Standards (NIC) for subsequent periods. The notice modifies the accounting bases for institutions not subject to Regulation (EC) No 1606/2005 and enters into force on December 30, 2005.

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