TUR BDDK Inflation Accounting

On Jan. 11, TUR BDDK decided on inflation accounting switch.

  • TUR BDDK informed of decision for financial leasing, factoring, financing, savings financing, asset management firms to switch to inflation accounting from Jan. 1, 2025.
  • Document dated Jan. 11, 2024, was received on Jan. 15, 2024 due to a fixed feed.
  • In Dec. 2023, TUR BDDK informed of 2023 financial statements, see #211970.
  • In Aug. 2024, TUR BDDK informed on preparations for transition, see #223423.

Regulators TUR BDDK
Entity Types Auditor; Bank; HF; IA; Inv Co
Reference Dec 10825, 1/11/2024
Functions Accounting; Compliance; Financial; Reporting; Risk
Countries Turkey
Category
State
Products Banking; Fund Mgt; Hedge Funds; Wealth Mgt
Regions EMEA
Rule Type Final
Rule Date 1/11/2024
Effective Date 1/1/2025
Rule Id 198071
Linked to Rule :223423
Reg. Last Update 1/11/2024
Report Section EU

Last substantive update on 01/18/2024