Regulatory Alerts2020-07-06
Added · Updated
Circular to Credit Institutions on the issuance of a new Banking Rule
Banking Rule BR/23 implements EBA Guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis. Credit institutions must report monthly on exposures subject to payment moratoria, other forbearance measures, and newly originated exposures under the Malta Development Bank COVID-19 Guarantee Scheme. Reporting reference dates are the last day of each month, with remittance due 42 calendar days later, while specific disclosures are required bi-annually. The rule utilizes templates in Annexes 1 and 3 and comes into force with immediate effect.
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