Regulatory Alerts2007-09-21 | Resolución SBS 1272-2007Added
SBS Resolution No. 1272-2007: Modifications to the Accounting Manual for Financial System Companies
This resolution modifies the Accounting Manual for financial system companies by changing the periodicity of certain reports and eliminating others. Specifically, Form E “Advanced Balance Sheet Information” and Annex No. 1 become bi-weekly, while Report No. 25 “Information on Write-offs and Forgiveness of Credits” becomes quarterly, due within 15 calendar days of quarter-end. Annex No. 4 of Form E and Report No. 27 “Costs for Fund Transfers” are eliminated. Additionally, it updates specific account codes, incorporates new sub-accounts for financial income and expenses, removes account 1407 “Earthquake Reprogrammed Credits,” and clarifies the accounting for yields of reprogrammed credits under SBS Resolution No. 1169-2007. The Superintendency will also electronically request information on these reprogrammed credits.
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