SEDDK has updated the effective date of the Financial Reporting Regulation.

Important Effective Date Announcement from SEDDK

Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has made a significant update in the sector with its recently published regulations. The regulations published in the Official Gazette set the standards for financial reporting for insurance and reinsurance companies as well as pension companies.

Change in Effective Date

Within the scope of the new regulations, the effective date of the Financial Reporting Regulation, Notification on the Presentation of Financial Statements, and Uniform Chart of Accounts Notification has been updated. The previously set date of January 1, 2026, has now been changed to January 1, 2027.

Impact on the Sector

This update contains details that could lead to significant changes in how companies prepare their financial statements. SEDDK's move aims to enhance transparency in the sector and strengthen auditing processes.