Regulatory Alerts2014-06-30
Added · Updated
FSD Circular No. 03: Submission of Quarterly Asset-Liability and Profit-Loss Statements
Financial Institutions in Bangladesh must submit quarterly asset-liability and profit-loss statements to the Financial Stability Department in accordance with Article 12 of the Financial Institutions Act, 1993. The circular establishes a submission schedule requiring profit-loss statements by the last working day of the month following the quarter's end, while asset-liability statements are due within 45 days for the March quarter and by the last working day of the following month for June, September, and December quarters. Additionally, one copy of the statements for the quarters ended June and September 2014 must be submitted by October 30, 2014. These requirements take immediate effect.
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