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Banks Act, 1990 (Act No. 94 of 1990)

Regulations

Regulations relating to Banks

Chapter II : Financial, Risk-based and other related Returns and Instructions, Directives and Interpretations relating to the completion thereof

25. Credit risk: six monthly return

Directives and interpretations for completion of the six-monthly return concerning credit risk (Form BA 220)

 

(1) The content of the return is confidential and not available for inspection by the public.

 

(2) The purpose of the return is to obtain selected information in respect of assets bought-in.

 

(3) The relevant calculation of the reporting bank's required amount of capital and reserve funds in respect of assets bought-in is contained in the form BA 200. Instead of providing any information related to the required amount of capital and reserve funds in respect of assets bought-in, the form BA 220 merely provides selected credit risk related information in respect of such assets bought-in.

 

(4) A bank shall complete the form BA 220 in accordance with such instructions or requirements as may be determined or directed in writing by the Authority.

[Regulation 25(4) substituted by section 18 of Notice 5802, GG52013, dated 31 January 2025, shall come into operation on 1 February 2025]