Regulatory Alerts2009-12-31
Regulation on the Submission of Periodic Reports
The Central Bank of São Tomé and Príncipe issued this Permanent Application Regulation to mandate authorized banks and exchange houses to submit periodic financial reports, balance sheets, and audit documents in specified electronic formats within strict deadlines. The regulation establishes detailed submission schedules, data format requirements, and provisional status for unaudited statements, while introducing a tiered monetary penalty system for late or incorrect submissions. It also revokes prior norms, consolidates risk and solvency reporting into a single quarterly report, and grants participating entities 90 days to prepare initial client credit risk data for the SCRC registry.
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