Institutions should submit periodic statements containing the amount and type of credits opened in favour of their customers as well as the amount and type of credits used by customers

At periods specified in the directives for the implementation of these regulations all institutions shall submit statements to the “Risks Bureau” on each customer, separately when the tot……dit extended to him by the Institution concerned reaches or exceeds, in the last working day of the month being reported, the limit, in UAE Dirhams. determined by UAE Central Bank’s Board of Directors

These statements should include all credits meeting the requirements specified under Article ( 4 ) of these Regulations whatever their currency might be, whether in UAE Dirham or in foreign currency, and whoever is the beneficiary, whether or not he be a businessman.

The statements shall differentiate between credits according to their types and / or to the collaterals given against them, in accordance with the classification specified in the the directives for the implementation of these regulations .

( i ) To ensure the confidentiality of the operations of the Risks Bureau and the secrecy of the data it receives from Institutions or sends to them a coding system, to be determined by the Central Bank, shall be adopted to denote Institutions and Customers.

ii The Central Bank may take any other measure which ensures the secrecy of information pertaining to banking risks.

( Banking Risks Statements should be prepared according to special forms determined by the Central Bank. Institutions should obtain the necessary printed materials from the Central Bank.

( ii ) Each statement should be prepared in two copies stamped with the Institution's seal and duly signed by the Manager and marked to the effect that te information included therein corresponds to the records.

The required statement should be handed to the Risks Bureau before the twenty fifth day of the month following the month covered by the statements.