Costa Rica Superintendencia General de Entidades Financieras

SICVECA Credit Data Fourth Version Effective January 2024

SUGEF CR published Circular SGF-2599-2023 on October 4, 2023, requiring supervised financial entities to implement the fourth version of SICVECA credit and guarantee data documentation effective January 1, 2024. The new data classes 51 (Credit) and 52 (Guarantees) replace legacy classes 3 and 15, with updated XML/XSD schemas and validation rules. Entities must also adopt the CIIU 4 Industrial Classification code catalog starting January 2024 data submissions.

Nuevos Formatos de Autorización Crediticia para el CIC Versión 3.0

SUGEF CR issued Circular SGF-2999-2020 mandating all supervised financial entities—commercial banks, private banks, non-bank financial companies, and cooperative credit organizations—to use new specific credit authorization forms (version 3.0) when processing CIC consultations related to economic interest groups. The circular modifies existing authorization formats and takes effect immediately upon communication, superseding prior procedures for credit concentration control under the Organic Law of the Central Bank.

Testing Period for SICVECA Financial Indicators Data Class, Aug 2015

SUGEF CR notified all supervised financial entities of a testing period (24-28 August 2015) for submitting financial indicator and capital adequacy data through the SICVECA platform. Entities must download the SICVECA Desktop configuration file published on 20 August 2015 and submit test XML files (3401, 3402, or 3403 as applicable) using June and July 2015 reporting periods. All test submissions will be purged after the testing window. The first production filing via SICVECA has a cutoff date of August 2015.