"Institution (s)" in these directiv for the implementation of the regulations of the Risks Bureau would refer to : the commercial banks, in stment banks, and financial institutions operating

The Risks Bureau shall give eac Institution a code number consisting of two digits be i ported to t Institution concerned.

(1) Each Institution should ascertain the number of its customers whose credits, whether opened for or used by the customer, amount to or exceed Dh. 500,000 by the end of April 1982. Each Institution should prepare lists for these customers along the lines specified in Part Two of these Directives, then submit them to the Risks Bureau of the UAE Cen Bank, Abu Dhabi, for the first time only, before the tenth of May, 198…..

(2) The Risks Bureau shall report to……… Institution the code numbers of its customers …………. first time before the seventeenth of …………

Each Institution should prepare statements of risks as at the last working day of April 1982, along the lines specified in Part Three of these Directives, and presc them, for the first time only, to the Risks Bureau before the twenty seventh day of May, 1982.

Lists of customers and statements of banking risks should be prepared by each Institution every 3 months* (following April 1982) and presented to Risks Bureau and reported back within the following time limits

(*) ending the last day of each March, June, September and December of each year (circular no.376 dated 16.2.86)

A – Institutions must present the additional lists for the new customers’ names before the tenth day of the month following that for which the lists are submitted.

B – The Risks Bureau shall return to each Institution the detachable parts of these lists before the fifteenth day of the month following that for which the lists are submitted.

C – Each Institution shall submit statements on customers’ risks before the twenty fifth day of t mo th following that for which the statements are submitted.

D – The Risks Bureau shall answer the special information request within two days of its receipt

(1) Each Institution shall directly contact the Risks Bureau of the UAE Central Bank in Abu Dhabi. Contacts, consultations and correspondence shall be effected directly between Institutions and the Risks Bureau without recourse to any other department of the Central Bank.

(2) Such contacts, consultations and correspondence shall be effected only with the Coding Section of the Risks Bureau. No contact shall be permitted between the Bureau’s other Sections and Institutions or their customers.

The regulations of the Risks Bureau and the directives for their implementation have devised a method of work and laid down procedures to communicate information and data that will provide top confidentiality. Therefore, all Institutions are requested to do the same on their part i.e. to make sure that the lists of customers, the statements on banking risks, and all correspondence related to the Risks Bureau are treated top confidential papers and should not be avail... or handle except by specified Institution’s staff. ese Institution’s employees should be highly trustworthy perso All information, lists, statements, …….. and recor should be kept in a safe place unaccessible to anyone except the designated employees.

The Governor shall set down the internal ……….. for organising the working of the Risks Bureau to achieve the highest efficiency.

The directives for the implementation of th regulations of the Risks Bureau shall come into force i the UAE as of 1.5.1982.