Regulatory AlertsCircular 122 on the Transmission of Financial Statements
The Bank of the Republic of Haiti issued Circular 122 to mandate non-bank financial institutions to submit certified annual and quarterly financial statements within strict deadlines. The regulation requires independent verification of accounts, imposes specific penalties for late submissions or unreliable information, and grants the central bank authority to request additional documentation. These provisions entered into force on February 1, 2022, to ensure prudent financial oversight of designated financial entities.
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