Timeliness of Annual Submissions

CENTRAL BANK OF TRINIDAD & TOBAGO
Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 625-4835; 4921; 5028; Fax: (868) 627-4696 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt

July 05, 2013

Circular Letter To All Banks & Non-Banks
Licensed Under The Financial Institutions Act, 2008

REF: CB-OIFI-1842/2013

THE FINANCIAL INSTITUTIONS ACT, 2008
RE TIMELINESS OF ANNUAL SUBMISSIONS

A review of the compliance of licensed financial institutions (licensees) with sections 37(1), 38(2)(b) and 84(1) of the Financial Institutions Act, 2008 (FIA) over the period 2011/2012, revealed that licensees submit these returns / statements at varying times after the close of each institution’s fiscal year-end.

Accordingly, the Central Bank of Trinidad and Tobago (Central Bank) wishes to advise that where the time for submission of a return / statement is not explicitly stated in the FIA, annual submissions for 2013 and beyond are to be provided to the Central Bank within four months of a licensee’s fiscal year-end.

Licensees are asked to note that this circular letter replaces the Central Bank’s previous notice of September 27, 2010 referenced CB-OIFI-1977/2010.

Yours sincerely

[Signature]

Wendy Ho Sing
Deputy Inspector of Financial Institutions