OSED
Circular Letter No. 02 of 2010 |
August
26, 2010 |
The
Presidents/Chief Executives,
All MFBs
Dear
Sirs/Madam,
Data
Submission Timeline of Quarterly Data under Reporting Chart
of
Accounts (RCOA) submitted through Data Acquisition Gateway
Portal
Please refer to Regulation No. 27 of Prudential Regulations
for Microfinance Banks (MFBs) and SBP, MFD Circular Letter
No. 01 dated October 20, 2009.
2.
It has been decided to change the data submission timeline
of quarterly data from quarter ending June 30, 2011. The
Microfinance Banks (MFBs) will upload their quarterly
data through Data Acquisition Gateway (DAG) portal within
18 working days from the end of each quarter instead of
30 days.
3. All MFBs should take necessary actions to upgrade
their systems so as to ensure data submission within
18 working days by June 2011. MFBs are further advised
to submit their action plans and forecasted reduction
in data submission time for next three quarters within
15 days of this circular letter.
4. The late/non-submission of the data through portal
will attract punitive action under the relevant provisions
of the Microfinance Institutions Ordinance, 2001.
5.
All other instructions shall remain unchanged.
Please
acknowledge receipt.
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Yours
faithfully,
Sd/-
(Shaukat
Zaman)
Director
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