Circular No. 04/EMO/2021, of April 15 - Submission of Mandatory Reserve Calculation Forms

Bank of Mozambique
Administration

MONETARY STABILITY DEPARTMENT
CIRCULAR NO. 04/EMO/2021

Maputo, April 15, 2021

SUBJECT: SUBMISSION OF MANDATORY RESERVE CALCULATION FORMS

The Regulation on the Calculation and Establishment of Mandatory Reserves, approved by Notice No. 8/GBM/2019, of August 8, prescribes the obligation for credit institutions covered by this regulation to submit to the Bank of Mozambique, with reference to the assessment period of the reserve base, the information contained in the Mandatory Reserve Calculation Forms.

Given the need to establish the submission mechanism for the Mandatory Reserve Calculation Forms in accordance with the aforementioned Regulation, the Bank of Mozambique, within its competencies, determines:

1. Credit institutions covered by the Regulation on the Calculation and Establishment of Mandatory Reserves approved by Notice No. 8/GBM/2019, of August 8, must submit the Mandatory Reserve Calculation Forms to the Bank of Mozambique by the third business day following the end of the assessment period.

2. The Calculation Forms referred to in the preceding paragraph may be corrected until the last business day preceding the start of the respective Mandatory Reserve establishment period.

3. The information must be properly completed and submitted using the template available in the Bank Supervision Application (BSA).

4. Violation of the provisions of this Circular is subject to the sanctions stipulated in the Regulation on the Calculation and Establishment of Mandatory Reserves, approved by Notice No. 8/GBM/2019, of August 8.

5. This Circular takes effect on May 3, 2021.

6. Questions arising from this Circular must be submitted to the Markets and Reserve Management Department of the Bank of Mozambique by telephone or via the following email address: DMR_SPO@bancomoc.mz.

BANK OF MOZAMBIQUE
Monetary Stability
Department
Silvina de Abreu
Silvina de Abreu
Administrator