Regulatory Alerts2010-07-13
Added · Updated
DOS Circular No. 05: Online submission of Weekly Statement of Position
Scheduled banks in Bangladesh must replace the existing DB-1 format with the new DOS WR-01 Excel format for weekly statements of position, submitting data online via the BB homepage under Web Upload. Banks must also submit a hardcopy signed by two responsible officials and a CFO forwarding letter within three working days of the reporting Thursday, while segregating Islamic banking data alongside consolidated reporting. Two additional annual statements are required as of 30 June and 31 December, and failure to comply or submitting false information is punishable under Articles 36(6) and 36(7) of the Bangladesh Bank Order, 1972. This new reporting requirement became effective for the weekend ending 5 August 2010.
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