Regulatory Alerts2021-04-15
Circular No. 04/EMO/2021, of April 15 - Submission of Mandatory Reserve Calculation Forms
The Bank of Mozambique’s Monetary Stability Department issued Circular No. 04/EMO/2021 to formalize the submission mechanism for Mandatory Reserve Calculation Forms. It requires covered credit institutions to submit completed forms through the Bank Supervision Application (BSA) by the third business day after each assessment period ends, allowing corrections until the last business day preceding the reserve establishment period. The directive takes effect on May 3, 2021, enforces sanctions for non-compliance under the governing Regulation, and directs inquiries to the Markets and Reserve Management Department.
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