Regulatory Alerts2003-01-01
C15/03: Amendments to Form DI 425
The Registrar of Banks issued Banks Act Circular 15/2003 to mandate amendments to Form DI 425, requiring banks to daily report their base capital and reserve requirements for trading activities. This addition enables the automatic calculation of capital excess or deficiency against trading book allocations and allows institutions to verify compliance prior to submission. The revised form becomes effective for the reporting period commencing 2 January 2004, and institutions must return a dual-signed acknowledgement of receipt from their chief executive officer and independent auditors.
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