Directive No. 1/DSB/95: Monthly Balance Sheets and Foreign Exchange Operation Statements for Exchange Houses

DIRECTIVE No. 1/DSB/95
SUBJECT: EXCHANGE HOUSES
Monthly Balance Sheets
Statements of Foreign Exchange Operations
With the approval of the mandatory Chart of Accounts for Exchange Houses, the monthly submission of the Balance Sheet has been mandated. For this purpose, we attach hereto the corresponding template to be periodically submitted to the Banking Supervision Directorate, regarding which Exchange Houses must strictly observe the following:
1) The Balance Sheet shall be submitted monthly, reporting the Institution's overall position (Head Office and Branches);
2) The Balance Sheet must be sent to the Banking Supervision Directorate by the 15th day of the month following the closing month;

3) The Balance Sheet must also be mandatorily signed by the Accounting Officer of the Exchange House.
The Monthly Statement of Foreign Exchange Operations must also be submitted monthly according to the attached template, along with statements of the DO-MN and DO-ME accounts held at Commercial Banks. This Directive enters into force immediately and repeals Directives No. 02/DSB/94 and 03/DSB/94 of November 23 and 24, 1994, respectively. BANKING SUPERVISION DIRECTORATE