Financial Institutions (Foreign Currency Exposure) (Amendment) Regulations 2009

[9th March 2009] Supplement to Official Gazette S.I. 34 of 2009 161 FINANCIAL INSTITUTIONS ACT, 2004 (Act 14 0{2004) Financial Institutions (Foreign Currency Exposure) (Amendment) Regulations, 2009 In exercise of the powers conferred by sections 27 and 32 of the Financial Institutions Act, 2004, the Central Bank hereby makes the following Regulations￾1. These Regulations may be cited as the Financial Citation Institutions (Foreign Currency Exposure) (Amendment) Re￾gulations, 2009. 2.(1) Except for regulation 3(b), theseregulations come into Commencement operation on the 9th March 2009. (2) Regulation 3(b) comes into operation on the 1st July 2009.
3. The Financial Institutions (Foreign Currency
Exposure) Regulations, 2009. are amended as follows- (a) in regulation 2, by repealing the word "net" wher￾ever it appears in the fo llowing definitions =- (i) "net long position"; (ii) "net shortposition"; (iii) "overall foreign currency risk exposure" (iv) "shorthand method"; (v) "total net long position"; and (vi) . "total net short position". Am~ndment of S.I 16 of2009

(b) by repealing:lieg,lJati~o~5and substituting therefor the following regulation- '.,',!' [' ~.', 1; if i i 1;":/; i/ i h'L\Vl:
"5.( 1) The total long position to capital ratio shall not e~ceed ~Oo/d, \ J i, ;'.'1H:~';'(f "I A2), "The latah S~0li1:qDQsitiQnIt€>:capital ratio shall not'exceed<3Q%SH.;mhn:"rr:l~) .'- . - f-,- \ (r~,·!I.", l..!~ :'~L'" ~.. .I!·;~.,i'!'~)?T_,//nq'w-,d!luJ"L.n /',1:-;1 ;;,'/) ! (Q) ~'if;l..s;<;:hedule1,iril'th~)tirstio01~1l!l1n1MItheltable, ,by repeal ing the wor.di;'Nel,']jn.1h~'fQB0wihgttems;-<.,-;- ,(i)", it~rn6.0; 'Li', ;'ri!tf;III'~,::)-l y:.;dT ,I '" '." '-I I -/)wrl'i \ n'~:I~;';fl'l)dl;;iIJJf:,-fjf -".' 1 \ "[1-;' '(ii)' irlitem 8:0;' .. ' ' , ''',(H.w"wl:;,o ,"-\ •.. 1. ".' _ . '_.•' j~d ;: r (iii) in item 10.0; j·'.;'ii. I·' 'J:, "j t" nnJf~J!u~;:J~; ·iT.j~ 1q:;JI'.1 !\ f :.~. '(I'V) I'nt'tern 11• ,. ~ .• ', ~ .$" •..•. -", •..•.• O'l{!',(',i",,:,t/ ';~i;'";I{'l('>"l(';i~'i' (vi) in item 13.0 . /',1 YOIl, . , J it' .' ! I ;~; 'j:,I Efj! :.-ri 1 .f. 'iif)! I:~ii':iL 'J;) ;',,;,!,;' ',':iJ i!I ~U;<Yl.Cj'·p:~ L~~~~ __ tJ ipORTE ,r;I" .•"li!': 'rGOV,ERNOR ~.i'·~ir(;~j'l~·'.it.