BRSA Principles definition

BRSA Principles means collectively the regulation on “The Procedures and Principles Regarding Banks’ Accounting Practices and Maintaining Documents” published in the Official Gazette dated 1 November 2006 and numbered 26333, Turkish Accounting Standards and Turkish Financial Reporting Standards issued by the Turkish Accounting Standards Board, and the additional notes and explanations related thereto, and other regulations, circulars, communiqués and pronouncements in respect of accounting and financial reporting made by the BRSA;
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BRSA Principles means the laws relating to the accounting and financial reporting of banks in Türkiye (including the “Regulation on Accounting Applications for Banks and Safeguarding of Documents” related to the Banking Law as published in the Official Gazette No. 26333 dated 1 November 2006, other regulations on the accounting records of banks published by the Banking Regulation and Supervision Board, which is the board of the BRSA, and circulars and interpretations published by the BRSA) and, for matters that are not regulated by such laws, the Turkish Accounting Standards 34 (“TAS 34”) Interim Financial Reporting Standard and the “Turkish Financial Reporting Standards” issued by the Public Oversight, Accounting and Auditing Standards Authority (in Turkish: Kamu Gözetimi Muhasebe ve Denetim Standartları Kurumu),
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BRSA Principles means the laws relating to the accounting and financial reporting of banks in Türkiye (including the “Regulation on Accounting Applications for Banks and Safeguarding of Documents” related with the Banking Law as published in the Official Gazette No. 26333 dated 1 November 2006, other regulations on the accounting records of banks published by the Banking Regulation and Supervision Board, which is the board of the BRSA, and circulars and interpretations published by the BRSA) and, for matters that are not regulated by such laws, the Turkish Accounting Standards 34 (“TAS 34”) Interim Financial Reporting Standard and the “Turkish Financial Reporting Standards” issued by the Public Oversight, Accounting and Auditing Standards Authority (in Turkish: Kamu Gözetimi Muhasebe ve Denetim Standartları Kurumu),
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Examples of BRSA Principles in a sentence

  • Under the BRSA Principles, if the parent bank has qualified shares (i.e. shares that represent directly or indirectly 10% or more of the capital or voting rights in the associate or that give the privilege to appoint members to the associate's board of directors even though such rate is below 10%) in the invested entity, unless otherwise proved, it is accepted that the parent bank has significant influence in that associate.

  • IFRS Accounts are not used by Kuveyt Türk for any regulatory purposes and Kuveyt Türk's management principally uses the BRSA Accounts, the Interim BRSA Accounts and the BRSA Principles for the management of Kuveyt Türk.

  • Under BRSA Principles, this period ends at 1 January 2005 whereas under IFRS it ends at 1 January 2006, which represents a difference of one year between the two.

  • The annual statutory audited consolidated financial statements of Kuveyt Türk for the years ended 31 December 2018 and 2019 prepared and presented in accordance with BRSA Principles (the "BRSA Accounts") are included in these Listing Particulars.

  • For a discussion of the differences between BRSA Principles and IFRS, see "Summary of Differences between IFRS and BRSA Principles".

  • As a consequence of the acquisition of Neova Sigorta A.Ş ("Neova") by Kuveyt Türk on 5 May 2020, the financial information of Kuveyt Türk as at and for the year ended 31 December 2019 was required to be restated in accordance with BRSA Principles (such financial information, the "2019 Restated Financial Information").

  • The unaudited consolidated financial statements of Kuveyt Türk for the six-month period ended 30 June 2020 prepared and presented in accordance with BRSA Principles (the "Interim BRSA Accounts") are included in these Listing Particulars.


More Definitions of BRSA Principles

BRSA Principles means collectively the regulation on “The Procedures and Principles Regarding Banks’ Accounting Practices and Maintaining Documents” published in the Official Gazette dated 1 November 2006 and numbered 26333, Turkish Accounting Standards and Turkish Financial Reporting Standards issued by the Turkish Accounting Standards Board and the additional notes and explanations related thereto, and other regulations, circulars, communiqués and pronouncements in respect of accounting and financial reporting made by the BRSA.
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Related to BRSA Principles

  • MacBride Principles means those principles relating to nondiscrimination in employment and freedom of workplace opportunity which require employers doing business in Northern Ireland to:

  • Equator Principles means that set of principles entitled "The Equator Principles – A financial industry benchmark for determining, assessing and managing environmental and social risk in projects", dated July 2020 and available as at the date of this Agreement at: h▇▇▇▇://▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇-content/uploads/2021/02/The-Equator-Principles-July-2020.pdf.

  • Agreed Principles means the terms set out in Part 1 of Schedule 1;

  • Guiding Principles means the principles provided in subchapter III which shall be considered for amplification and interpretation of the goals of the authority.

  • Privacy Shield Principles means the Privacy Shield Principles (as supplemented by the Supplemental Principles) contained in Annex II to the European Commission Decision C(2016)4176 of 12 July 2016 (as may be amended, superseded or replaced).