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  • Obligation to Submit Periodic Financial Reports

    • CSD-3.1.8

      A licensed clearing house or central depository shall submit to the CBB such reports in such form, manner and frequency as the CBB may prescribe. A licensed clearing house or central depository shall submit to the CBB for the preceding quarter, in such form as may be approved by the CBB:

      (a) Within 3 months after the end of its financial year, a copy of its:
      (i) Annual report and directors' report prepared in accordance with the provisions of the IFRS; and
      (ii) Auditors' long form report;
      (b) Within 45 days after the end of each of the first 3 quarters of its financial year, a copy of its:
      (i) Profit and loss accounts; and
      (ii) Balance-sheet;
      (c) Within 3 months after the end of its financial year, a report on how the licensed clearing house or central depository has discharged its responsibilities under the CBB Law and this Module during that financial year;
      (d) A report reviewed by the internal auditor relating to the business of operating the licensed clearing house or central depository, at such time or on such periodic basis as may be specified by the CBB; and
      (e) Such other report as the CBB may require at such time or on such periodic basis as may be specified by the CBB.

    • CSD-3.1.9

      The auditors' long form report referred to in rule CSD-3.1.8 (a) (ii) shall include the findings and recommendations of the auditors, if any, on:

      (a) The risk management and internal controls of the licensed clearing house or central depository; and
      (b) The non-compliance with any:
      (i) Provision of the CBB Law;
      (ii) Direction issued by the CBB under the CBB Law and regulations; or
      (iii) Other relevant laws or regulations.