The Insurance and Private Pension Regulatory and Supervisory Authority (SEDDK) issued a circular regarding the reports to be submitted in 2025 under TFRS 17. According to the circular, the transition balance sheet date for insurance, reinsurance and pension companies will be January 1, 2025 and the financial statements and related footnotes requested for interim periods and the profit or loss statement and related footnotes for the year-end will not be presented comparatively. As of December 31, 2025, the financial statements and footnotes for the period ending on December 31, 2025 will be subject to independent audit.
To reach the circular: https://seddk.gov.tr/upload/2025-5%20say%C4%B1l%C4%B1%20Genelge.pdf
