Regulatory Alerts1998-09-01
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Resolution No. 0895-98: Accounting Manual for Financial System Companies
This resolution approves the Accounting Manual for Financial System Companies, which will come into force on January 01, 2000. Multiple operations companies and financial leasing companies must submit an implementation plan for this manual by December 30, 1998. They are required to prepare financial statements by June 30, 1999, and annexes and reports by August 30, 1999, in accordance with the new manual and the Chart of Accounts for Financial Institutions. Additionally, these companies must verify their accounting system's IT support for year 2000 risks by October 30, 1999, and this resolution repeals SBS Resolution No. 1256-92 as of January 01, 2000.
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