Introduction
PD-1.3.1
Licensees should provide timely information which facilitates market participants' assessment of them. The disclosure requirements set out in this Section must be included in the Annual Report either as an appendix or in the notes to the audited financial statements at the discretion of the concernedlicensee . The disclosures should be addressed in clear terms and with appropriate details to help achieve a satisfactory level of transparency.January 2014PD-1.3.2
If a
licensee is unable to achieve full compliance with the requirements stated in this Chapter, a meeting should be held with the relevant Banking Supervision Director at the CBB in the presence of the concerned external auditor to discuss the reasons for such non-compliance prior to the finalisation of the Annual Report. It is the responsibility of thelicensee to call for such meetings.January 2014
