Regulatory Alerts2013-03-18
Production and Transmission of Documents to the National Bank of Djibouti - Circular No. 01/BCD/99
The Central Bank of Djibouti issued Circular No. 01/BCD/2012 to establish the precise modalities and deadlines for credit institutions to transmit periodic prudential and accounting statements. The regulation mandates submission via paper or electronic media, enforces a 25,000 Djiboutian Franc daily fine for late or non-compliant filings, and requires data to meet strict reliability and confidentiality standards. It supersedes the previous 1999 circular and organizes reporting obligations into weekly, monthly, bimonthly, quarterly, and annual schedules aligned with specific statutory models.
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