Regulatory Alerts2013-12-09
Circular CN-BSD/2013/11: Submission of Amended Monthly Statements to Reflect Changes in Audited Accounts
The Maldives Monetary Authority requires all banks to resubmit revised Monthly Statements if post-audit account changes affect reported data. Banks must submit these revisions or a confirmation of no changes by 31 May each year, effective from 2014. The resubmission obligation applies to relevant returns from December onwards whenever such discrepancies are identified.
بسم الله الرحمن الرحيم
MALDIVES MONETARY AUTHORITY MALDIVES
ދިވެހިރާއްޖޭގެ ޤައުމީ ބޭންކް އ ެމް.އެމް.އޭ
Circular no: CN-BSD/2013/11
9th December 2013
To: All Banks
Dear Sir / Madam,
Re: Submission of amended Monthly Statements to reflect changes in audited accounts
All banks are required to re-submit revised Monthly Statements (Returns) if there is any change to the accounts following the audit, which affects the information in the Returns. In such case, the relevant Returns from December onwards are required to be resubmitted.
Please submit such revisions no later than 31st May of each year, effective 2014. If no revisions need to be made, please submit a letter stating this by the deadline.
Yours sincerely,
[Signature]
Neeza Imad Assistant Governor, Financial Stability
Email: mail@mma.gov.mv Website: www.mma.gov.mv Telex: 77144 MMA OPR MF SWIFT: MMAUMVMV Majeedhee Building, Boduthakurufaanu Magu, Male' 20182 Phone: (960) 330 8679, (960) 330 8682, (960) 331 4940, (960) 331 2343 Fax: (960) 332 3862