If situations arise where disclosures required in this Module are in conflict with those required under IFRS and/or BSE listing requirements, banks should first follow BSE requirements. In such situations, banks should explain any material differences between the accounting or other disclosures and the disclosure required in this Module. This explanation does not have to take the form of a line by line reconciliation, but should provide stakeholders with sufficient detail to make an objective assessment of the bank's financial and operational health. Moreover, a formal notification to the Central Bank is required in such a situation.