CPO/B-2000/8: Bank Reporting and Publication of Balance Sheet

INSTRUCTION CPO/B-2000/8
BANK REPORTING AND PUBLICATION OF BALANCE SHEET
I. AUTHORITY
This instruction is issued by the Central Payments Office of East Timor (hereinafter, “CPO”) pursuant to Sections 33(a), 34, and 35.1 of Regulation No. 2000/8 on Bank Licensing and Supervision (hereinafter, the “Regulation”). This instruction applies to each bank and to each of its subsidiaries, and to branches of foreign banks operating in East Timor.
II. REQUIREMENTS
A. Reports
Banks shall submit the following reports to the CPO within the prescribed time limits. In accordance with Section 31 of the Regulation, all reports shall be prepared and submitted in accordance with International Accounting Standards unless otherwise prescribed by instruction of the CPO.

1. Domestic Banks
   Monthly Reports
   Balance Sheet
   Statement of Income
   Regulatory Capital
   Liquidity
   Maturity Profile of Assets and Liabilities
   Large Credit Exposures
   Credit Exposures to Related Persons, Related Banks and Financial, and Institutions,Affiliates
2. Branches of Foreign Banks
   Monthly, Unconsolidated Reports
   Balance Sheet
   Statement of Income
   Large Credit Exposures
   Credit Exposures to Related Persons, Related Banks and Financial Institutions, and Affiliates Quarterly Consolidated Reports (from parent foreign bank) Balance Sheet Statement of Income Regulatory Capital

Liquidity
Maturity Profile of Assets and Liabilities
Large Credit Exposures
Credit Exposures to Related Persons, Related Banks and Financial Institutions, and Affiliates B. Dates for Submission of Reports to the CPO

1. For monthly reports: reports shall be submitted to the CPO no later than the
   tenth (10th) day following the previous month-end.
2. For quarterly reports: reports shall be submitted to the CPO no later than the
   twentieth (20th) day following the previous quarter-end.
   C. Publication of Balance Sheet
   Within thirty (30) days of the end of each calendar quarter, all banks and branches of foreign banks shall publish in a national (East Timor) newspaper a fair and true summary of its quarterly balance sheet as of the end of the previous calendar quarter. Branches of foreign banks shall publish their balance sheets on both an individual and a consolidated basis. 26 December 2000 Elias M. Costa Acting General Manager A:\Reporting-BalanceSheets.doc Last printed 21/12/00 2