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

Important Effective Date Announcement from SEDDK

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

Change in Effective Date

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

Impacts on the Sector

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