Regulatory Alerts2016-10-07 | BSD/DIR/GEN/LAB/09/043Discontinuation of Prudential Returns Rendition through the Electronic Financial Analysis and Surveillance System (e-FASS)
The letter informs banks that they will no longer be able to submit prudential returns through the e-FASS application as of October 3, 2016, due to the successful deployment and sustained stability of the FinA application. However, banks will continue to submit trade and exchange-related returns through the e-FASS platform. This change is expected to improve the returns rendition process for banks.
09-462-36401 BSD/DIR/GEN/LAB/09/043 September 5, 2016 LETTER TO ALL BANKS DISCONTINUATION OF PRUDENTIAL RETURNS RENDITION THROUGH THE ELECTRONIC FINANCIAL ANALYSIS AND SURVEILLANCE SYSTEM (e-FASS) You may recall the successful deployment of the FinA application in 2013 and the various correspondence on how to improve the returns rendition process. Following the sustained stability of the FinA application, all banks are hereby advised to discontinue the rendition of prudential returns through the e-FASS application with effect from October 3, 2016. However, the rendition of Trade and Exchange-related returns will continue on the e-FASS application platform until further notice. Thank you. Yours faithfully, A. O. IDRIS FOR: DIRECTOR OF BANKING SUPERVISION