RegAlert

Rule · MMA · 25 Apr 2011

Circular CN-CBSS/2011/08: Submission of Returns to MMA

disclosure

The Maldives Monetary Authority issued Circular CN-CBSS/2011/8 to mandate that all commercial banks utilize the MMA’s published reference rate for regulatory reporting. The directive requires banks to apply the specific reference rate corresponding to the exact date of the submission, such as using the April 30 rate for returns filed on that day. This instruction ensures consistency and accuracy in the data submitted by financial institutions to the central bank.

MaldivesMaldives Monetary Authority

Circular no: CN-CBSS/2011/8

25th April 2011

To: All Commercial Banks

Dear Sir,

Submission of returns to MMA

Please be informed that banks should use the MMA’s reference rate published on the MMA website for all reporting purposes.

This means for an example if the bank is submitting the monthly returns for 30th April 2011, the bank should use the MMA reference rate for 30th April 2011.

Yours sincerely,

[Signature]

Mariyam Najeela
Senior Manager
Credit and Bank Supervision

Fax: (960) 332 3862 | Phone: (960) 332 4428 | Corporate Division | Email: mail@mma.gov.mv (960) 331 5270 | (960) 332 3677 | Financial Sector Division | http://www.mma.gov.mv (960) 331 0383 | (960) 331 2290 | Human Resources Division | Telex: 77144 MMA OPR MF (960) 332 3862 | (960) 330 8682 | Information Technology Division | SWIFT: MMAU MV MV (960) 331 7604 | (960) 332 2268 | Monetary Policy & Research Division (960) 333 5863 | (960) 332 3763 | Banking & Payments Settlement Division

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Source: Maldives Monetary Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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