Regulatory Alerts2025-08-01 | Resolución SBS 02663-2025Added · Updated
Resolution SBS No. 02663-2025: Amending the Accounting Manual for Financial System Companies to Align with IFRS 9, IFRS 13, and IFRS 15
The Superintendence of Banking, Insurance, and Private Pension Fund Administrators amends the Accounting Manual for Financial System Companies to align with IFRS 9, IFRS 13, and IFRS 15. Financial institutions must adjust initial balances for the 2027 period in January 2027, applying new impairment models and classification criteria, with comparative disclosures required for the annual 2027 financial statements. The resolution also updates account catalogs, reporting formats, and specific regulatory reports, with certain provisions taking effect in March 2026 and others in August 2027.
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