Regulatory Alerts2007-12-01
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Notice No. 5/GBM/2007 on Own Funds of Credit Institutions and Financial Companies
The Bank of Mozambique establishes the composition, calculation, and reporting requirements for the own funds of credit institutions and financial companies. The regulation defines Base and Supplementary Own Funds, sets a maximum limit for Supplementary Own Funds at the value of Base Own Funds, and restricts subordinated loans to 50% of Base Own Funds. Institutions must submit monthly reports on their own funds composition within 15 days of the month's end, with a transitional deadline of June 30, 2007, for early 2007 data.
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