Regulatory Alerts2005-03-24
Added · Updated
Reporting by securities firms: Table 10.90 (large exposures) and annual reporting
Securities firms must now include in Table 10.90 any counterparty where gross risks reach or exceed 10% of own funds, including guaranteed risks under Article 80(5)(8) and risks on subsidiaries under Article 80(5)(5), even if these are not subject to concentration limits. The commentary for Column 60 is updated to reference Articles 80 and 81, requiring separate lines for different risk weightings applied to the same counterparty. Additionally, firms are required to systematically submit complete annual accounts, management reports, and auditor reports to the CBFA within 30 days of the general meeting.
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