Skip to main content
Have a CECL question? Email us at
CECL logo

Key Dates 

Effective dates for implementation are based on entity type. CECL will be effective for SEC Filers, excluding Smaller Reporting Companies (SRC) as defined by the SEC, beginning on January 1, 2020 for calendar year institutions. For all other entities, including SRCs, CECL will be effective beginning on January 1, 2023 for calendar year institutions. Early application of CECL will continue to be permitted.   Current effective dates for the standard are shown below.



All Other** Public Business Entities

Private and All Others**

Current Effective Dates for CECL

January 2020*

January 2023

January 2023

*The 2020 Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act) provides temporary relief from CECL. An insured depository institution (including a credit union), bank holding company, or any of its affiliates has the option to temporarily delay measuring credit losses on financial instruments under the new Current Expected Credit Losses methodology. Such option to delay expires at the earlier of (A) the first date of the fiscal year of the banking organization that begins after the termination of the national emergency realated to Covid-19 or (B) Janary 1, 22. 

**Includes smaller reporting companies as defined by the SEC.