Regulatory Alerts2017-12-18
Regulation on Collection of Statistics by the Maldives Monetary Authority
The Maldives Monetary Authority issued this regulation to prescribe procedures for collecting and publishing statistics necessary to achieve its statutory objectives. It mandates that entities such as banks, businesses, and state institutions must submit valid and complete data upon request, while strictly enforcing confidentiality and prohibiting the disclosure of individual-identifying information. The Authority retains the power to impose administrative sanctions, including fines, for non-compliance and may outsource statistical collection under strict confidentiality obligations.
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