DOS Circular Letter No. 03: Financial and Regulatory Reporting of 'Bangladesh Government Special Purpose Bond' Held by Banking Companies

Department of Offsite Supervision

DOS Circular Letter No: 03 Date: 16 Magh 1430 30 January 2024

Managing Director / Chief Executive All Scheduled Banks operating in Bangladesh

In the context of Financial and Regulatory Reporting of 'Bangladesh Government Special Purpose Bond' held by Banking Companies.

Dear Sir,

It has been decided to follow the following procedures until further instructions are issued regarding the financial and regulatory reporting of 'Bangladesh Government Special Purpose Bond' issued by the Government of Bangladesh to various banking companies for subsidies on gas and electricity:

(a) The said Special Purpose Bond will be kept outside the accounting of the total securities held by the bank in the minimum Held-for-Trading securities accounting of the primary dealer bank; and

(b) The said Special Purpose Bond will be kept outside the accounting related to determining the maximum limit of the Held-to-Maturity portfolio of non-primary dealer banks.

This directive is issued under the powers granted in Section 45 of the Bank Company Act, 1991. This directive will take immediate effect. In addition, other directives of the relevant DOS Circular Letter No-5/2008, DOS Circular Letter No-5/2009, and DOS Circular Letter No-27/2023 will remain unchanged.

Yours faithfully,

(Signature) (Masuma Sultana) Director (DOS) Phone: 9530093