Regulatory Alerts2018-01-01
Added · Updated
Circular 126 (2018): 2019 Calendar for FECI Report Submission
The Superintendency of Banks of Panama issued Circular 126 (2018) to establish the submission deadlines for the Special Interest Compensation Fund (FECI) monthly reports for 2019. Banks and financial entities are required to submit these reports, detailing interest discounts and retentions, within the first ten business days of the month following the reported period. The circular provides a specific schedule for each month and confirms that the calendar is available on the regulator's official website.
"Looking After the Solidity of the International Banking Center" Av. Samuel Lewis, Banistmo Tower, Ground Floor * Tels.: (507) 506-7800 / (507) 506-7900 * Fax: (507) 506-7700 / 506-7703 Postal Box: 0832-2397 W.T.C., Panama, Republic of Panama * www.superbancos.gob.pa * Email: superbancos@superbancos.gob.pa December 28, 2018 Circular No. SBP-FECI-0126-2018
Sir General Manager E. S. D.
Ref.: 2019 Calendar for the submission of the FECI Form.
Sir/Madam General Manager:
We send you for your knowledge and application, the calendar for the submission of the monthly reports on discounts and/or retentions applied (FECI Form) corresponding to the year 2019.
We take this opportunity to reiterate to you that the calculation of the dates established in the calendar corresponds to the first ten (10) business days of the month following the respective reported month.
Likewise, we inform you that the aforementioned calendar is available from this date on our website: www.superbancos.gob.pa, FECI section.
Thanking you for the attention you give to this matter, we remain,
Sincerely
Gustavo Adolfo Villa Interim Superintendent
Attached: as indicated /er
Page 2 of 2 Circular No. SBP-…-0000-2018 SPECIAL INTEREST COMPENSATION FUND CALENDAR FOR FECI REPORTING YEAR 2019
Article 17 of Executive Decree No. 29 of August 8, 1996, establishes that Banks and Financial Entities must deliver to this Superintendency of Banks, within the first ten (10) days of each month, the sums collected in the previous month by reason of the 1% retention, as well as information on loans granted to qualified sectors, the discount of interest applied, and the total or partial amount of compensation or reimbursement to which they are entitled for such reason, in addition to any other additional information that the Superintendency requests for the correct application of Law 4 of May 1994 and its regulatory provisions.
For the purposes of calculating the deadline days established therein, the first ten (10) business days are considered.
REPORT OF THE MONTH OF DELIVERY PERIOD Date Year January From February 1 to 14, 2019 February From March 1 to 19, 2019 March From April 1 to 12, 2019 April From May 1 to 15, 2019 May From June 1 to 14, 2019 June From July 1 to 12, 2019 July From August 1 to 14, 2019 August From September 1 to 13, 2019 September From October 1 to 14, 2019 October From November 1 to 19, 2019 November From December 1 to 17, 2019 December From January 1 to 16, 2020