A new regulation has entered into force, introducing an important modification to the regime governing the closing certification of statutory books.

Under the existing framework:

• The journal book is submitted to a notary public for closing certification by the end of the sixth month of the following fiscal year, while the board of directors’ resolution book is submitted by the end of the first month of the subsequent fiscal year.

• Where a force majeure is declared by the Ministry of Treasury and Finance, the deadlines for closing certifications are automatically extended until the end of the second month following the cessation of the force majeure.

The new regulation authorizes the Ministry of Trade, following the opinion of the Ministry of Treasury and Finance, to grant a further extension beyond the existing period. Such authority may be exercised in respect of specific types of books or all books collectively and may extend to up to two consecutive two-month periods. Decisions rendered for this purpose will be announced on the official website of the Ministry of Trade.

This amendment enhances administrative flexibility in extraordinary circumstances and expands the Ministry’s discretionary authority within the statutory compliance framework. Companies are therefore encouraged to monitor official announcements closely and review their compliance timelines accordingly.