CENTRAL BANK OF SEYCHELLES

P. O. Box 701, Victoria, Seychelles

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Telephone: [+248] 282 000 Fax: [+248] 323 665 E-mail: enquiries@cbs.sc

Ref: FSS/BK/ACC/22
Date: May 6th, 2010

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TO ALL BANKS

Publication of Audited Accounts in Local Newspaper

We refer to the above.

Section 38 (2) of the Financial Institution Act (FIA), 2004 as amended amongst other things, requires financial institutions to publish in the daily local newspaper within 5 months after the end of the calendar year its balance sheet and profit and loss account and any report made by the auditor under section 36 of the FIA.

In view of such, please be advised that the disclosure of directors’ signature when publishing Audited Accounts in the local newspapers is not mandatory.

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J.M. Morel (Ms)
Deputy Governor