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

20. Income statement

Directives and interpretations for completion of monthly income statement (Form BA 120)
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(1) The content of the relevant return is confidential and not available for inspection by the public.

 

(2)The columns titled "Current year to date" in form BA 120 shall reflect the year-to-date amounts in respect of the financial year of the reporting bank. In order to ensure that the relevant columns titled "Current year to date" in form BA 120 reconcile with the aggregate amounts reported in the columns titled "Current month" for the particular financial year of the reporting bank a bank shall include any adjustment to amounts previously incorrectly reported in the columns titled "Current month", provided that amounts reported in columns 7 to 9 of items 1 to 91 relate only to the relevant year-to-date amounts.

 

(3)All income and expense items, including gains and losses, shall be divided between those items relating to the bank's banking activities and those items relating to the bank's trading activities.

 

(4)A bank shall complete the form BA 120 in accordance with such instructions or requirements as may be determined or directed in writing by the Authority.

[Regulation 20(4) substituted by section 8 of Notice 5802, GG52013, dated 31 January 2025, shall come into operation on 1 February 2025]