Regulatory Alerts2000-09-22
Extension of Submission Dates for Credit Risk and Large Exposure Returns
The Deputy Governor has extended the submission deadlines for the Credit Risk Return (BIR 500) and Large Exposure Return (Annexure A/BID-4) to address banking institutions' concerns regarding the increased workload from shifting to monthly reporting. Both returns must now be filed within 26 days following the end of each calendar quarter, replacing the previous 21-day requirement. This extension applies retrospectively to the quarter ending 30 June 2000 and requires institutions to return a co-signed acknowledgement of receipt from their independent auditors.
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