Regulatory Alerts2014-03-13
Ordinance No. 27 of the BNB of 13 March 2014 on the Balance of Payment Statistics, International Investment Position and Securities Statistics
The Bulgarian National Bank issues Ordinance No. 27 to establish the reporting and statistical declaration procedures for transactions between local and foreign entities regarding balance of payments, international investment positions, and securities statistics. The regulation mandates that local legal entities, sole traders, and individuals submit quarterly, monthly, or annual statistical forms detailing financial credits, foreign accounts, direct investments, and securities holdings based on specific monetary thresholds. It further defines the BNB's authority to conduct formal and logical controls on submitted data, ensure confidentiality, and require electronic submission for high-volume or specific types of reports.
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