The Superintendence of Banking, Insurance and AFP seeks that entities of the financial system publish key documents on their websites to promote the transparency and accessibility of information.
The Superintendence of Banking, Insurance and AFP (SBS) seeks financial system entities Make various documents accessible through your websites. With this measure, it is intended to promote transparency and facilitate access to financial information for the general public.
The initiative also involves entities such as Nation Bankthe Agricultural Bank, the Financial Development Corporation (COFIDE), the MIVIVienda fund and the companies that broadcast electronic money. The project may be consulted in the SBS portal to receive comments and suggestions from both the industry and the general public until February 21, 2025.
SBS: financial ents should be published on websites
The Superintendence of Banking, Insurance and AFP aspires to modernize state processes by presenting a project aimed at modifying its accounting manual. Thus, the regulatory entity seeks financial institutions to publish their annual financial statements Audited, the audit opinion, the annual report and the quarterly financial statements on its web pages.
In addition, the SBS indicates that Spills They are obliged to publish on their website the audited financial statements of the annual exercise closure, together with the opinion of the audit society. This information will be permanently accessible to the public. The publication must be carried out within a period of seven business days after approval by the maximum competent body.
What would be the deadlines presented by the SBS in your project?
The project establishes specific deadlines for the approval and dissemination of the annual report of the entities that make up the Financial system. According to the provisions, this document must be validated by the Board of Directors and sent to the SBS within a period not exceeding ten business days after approval by the competent body, with a deadline established for March 31.
The spills are obliged to spread their annual report on their website within a period of ten business days after approval by their maximum organ. This information must remain continuously accessible to the public.
Does the project involve AFPs?
Pension Fund Administrators (AFP) have the obligation to send their annual report to the SBS and to make it accessible on its website within a period not exceeding fifteen days after its approval by the social body. In addition, they must publish their audited financial statements corresponding to the closing of the annual year, together with the opinion issued by the audit firm.
This information will be continuously accessible to the general public. A relevant element of the project is the suggestion of a minimum content that must be included in the annual report of the financial system and AFP entities.
Source: Larepublica
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