DOS Circular Letter No. 34: Submission of Market Disclosure (Pillar-3) under the Guidelines on Risk Based Capital Adequacy (RBCA)

Banks in Bangladesh must submit required market disclosure statements in both qualitative and quantitative form within seven working days of finalizing their annual audited financial statements. This requirement applies to all scheduled banks, with the deadline aligned to the time limit under section 40 of the Bank Company Act, 1991, except for banks closing accounts at the end of June. The instruction supersedes the previous requirement to provide disclosures by the end of March each year. The circular comes into immediate effect under the authority of section 45 of the Bank Company Act, 1991.

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Department of Off-site Supervision Bangladesh Bank Head Office Dhaka-1000

DOS Circular Letter No.-34

10 November, 2020
Date:-----------------------
25 Kartik, 1427

Managing Director/Chief Executives All Scheduled Banks in Bangladesh. Dhaka/Rajshahi

Dear Sir,

Submission of Market Disclosure (Pillar-3) under the Guidelines on Risk Based Capital Adequacy (RBCA)

Please refer to the Guidelines on Risk Based Capital Adequacy (Revised Regulatory Capital Framework for banks in line with Basel III) issued vide BRPD Circular No-18 dated 21 December 2014 on the captioned subject.

Banks have been instructed to provide required disclosure as per para no.10.4 of the above mentioned guidelines at the end of March of each year (except the banks that close their accounts at the end of June). With a view to facilitating compilation of market disclosure statements in a timely manner, banks are now instructed to provide required disclosure in both qualitative and quantitative form, within 7 (seven) working days of finalizing the annual audited financial statements as per the allowable time limit under section 40 of Bank Company Act, 1991.
This Circular letter has been issued under the power conferred by section 45 of Bank Company Act, 1991. It will come into force with immediate effect.

Yours sincerely,

(Shabari Islam)
Deputy General Manager
Phone: 9530207

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Lineage: In force

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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works