RegAlert

Rule · BM · 24 Mar 2009

Circular No. 1/SHC/2009 of 24 March - Amendment of the Reporting Deadline for Individual Financial Information Prepared in Accordance with IFRS

disclosure

The Bank of Mozambique amends Circular 2/SHC/2007 to require credit institutions and financial societies supervised by the Bank to submit individual IFRS analytical situation reports within 15 days following the end of each month. This change aligns the reporting deadline for individual analytical situations with the deadlines for remitting ratios and prudential limits established in Circular No. 5/SHC/2007. The amendment applies to all supervised entities except those specified in Article 3 of Notice No. 4/GBM/2007. The new reporting schedule takes effect on 1 May 2009.

MozambiqueBanco de Mocambique

SUPERVISION, HUMAN RESOURCES AND CULTURE
CIRCULAR NO. __1/SHC/2009
Maputo, 24 March 2009

SUBJECT: AMENDMENT OF THE REPORTING DEADLINE FOR ACCOUNTING INFORMATION ON AN INDIVIDUAL BASIS PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

Within the framework of implementing the provisions of Notice No. 4/GBM/2007 of 2 May, regarding the accounting standards applicable to institutions under its supervision, and with a view to aligning the reporting deadline for the analytical situation on an individual basis with the deadlines for remitting ratios and prudential limits on an individual basis fixed by Circular No. 5/SHC/2007, the Bank of Mozambique determines:

  1. Sub-paragraph b) of paragraph 6 of Circular 2/SHC/2007 is amended, which shall henceforth read as follows:

Credit institutions and financial societies subject to the supervision of the Bank of Mozambique, with the exception of those provided for in Article 3 of Notice No. 4/GBM/2007 of 2 May, must submit information regarding the individual analytical situation drawn up based on IFRS, with reference to the last day of each month, within 15 days of the month following that to which the information relates.

  1. Any doubts arising from the interpretation and application of this Circular shall be clarified by the Banking Supervision Department.

  2. This Circular shall take effect from 1 May 2009.

Joana David
(Administrator)
1

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SHC Circular No. 2 of 2007Not in RegAlertSHC Circular No. 2 of 2007 — Not in RegAlertCircular No. 1/SHC/2009 of 24March - Amendment of the Repo…2009-03-24 · this documentCircular No. 1/SHC/2009 of 24 March - Amendment of the Reporting Deadline for Individual Financial Information Prepared in Accordance with IFRS (2009-03-24)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Amends
  • SHC Circular No. 2 of 2007Not in RegAlert

    “Sub-paragraph b) of paragraph 6 of Circular 2/SHC/2007 is amended, which shall henceforth read as follows:”

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