On June 7, 2024, the Private Pension Regulation and Supervision Authority (IPRSA) issued circular 2024/16, which modifies the reporting methods for documents under TFRS 17. For the year 2024, the transition balance sheet date is set as January 1, 2024, and comparative financial statements will not be provided for interim periods. Year-end financial statements will, however, be subject to independent auditing.
This circular has come into effect as of its publication date, with the responsibility for its implementation resting with the head of the institution.