Update on Submission of Regulatory Returns by Licensees and Financial Holding Companies under the FIA, 2008 Due to Covid-19

CENTRAL BANK OF TRINIDAD & TOBAGO Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-2288, 235-2288; Fax: (868) 612-6396 E-Mail Address: mfo@central-bank.org.tt Website: www.central-bank.org.tt September 1, 2020 Circular letter to: All Financial Institutions licensed under the Financial Institutions Act, 2008 All Financial Holding Companies REF: CB-OIFI-1760/2020 UPDATE ON SUBMISSION OF REGULATORY RETURNS BY LICENSEES AND FINANCIAL HOLDING COMPANIES UNDER THE FINANCIAL INSTITUTIONS ACT, 2008 ("FlA") DUE To COVID -19 The Central Bank of Trinidad and Tobago ("Central Bank"/ "Bank") refers to its Circular Letter #CB-IOFI-747/2020 dated March 26, 2020 ("March Circular") regarding the extension of the timeframe for submission of both the electronic and hard copy formats of regulatory returns to the Bank. This extension was due to the current CO VID-19 pandemic and social distancing measures as well as work from home initiatives implemented by licensees and financial holding companies and the expected delays that would have been experienced. Given the ongoing circumstances presented by the CO VID-19 pandemic, the Bank advises that the grace period for the submission of regulatory returns as set out in the March 26, 2020 Circular Letter has been extended up to and including returns due as at December 31, 2020. In addition, the Bank acknowledges that due to the reduced "in office" staff presence, that licensees and financial holding companies may still be experiencing difficulty with the timely submission of signed hard copies of returns and advises that during this period the Bank will accept the electronic copy as the official submission of the company. Licensees and financial holding companies are reminded that all of the conditions set out in the March Circular remain applicable. Please be guided accordingly. Yours sincerely I'- Michelle Francis-Pantor Deputy Inspector - Banks, Non-Banks & Payment Systems Oversight FINANCIAL INSTITUTIONS SUPERVISION DEPARTMENT