Regulatory Alerts2022-10-04
ADLA Circular on Purchases and Sales Return
The Bank of Namibia has automated the quarterly Purchases and Sales Return, mandating that Authorized Dealers with Limited Authority submit accurate statistical data exclusively through a dedicated electronic portal. Dealers must complete, validate, and file the return by the 15th of each following month using end-of-quarter exchange rates, with physical copies and emails strictly prohibited after the system launch. Automatic submission concurrently certifies the data by the Principal Officer or delegated representative, thereby streamlining regulatory compliance without compromising reporting accuracy.
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