PHI CB published circular letters calling on financial institutions to post balance sheets.
Follows PHI CB Apr. 2023 called on institutions to post balance sheets, see #169965.
Document dated Apr. 12, 2024, received from PHI CB Apr. 15, summarized on Apr. 18.
Balance Sheet
Required on all trust corporations to post balance sheets with consolidated balance sheets as of Mar. 31, 2024, in accordance with MORB, section 183-T, and M-2017-027.
Statement of Condition
Non-bank financial institutions with quasi-banking functions and/or trust entities are also required to post their statements of condition side-by-side with their consolidated statements of condition where it may be applicable, as of Mar. 31, 2024.
These statements shall be published in a newspaper in the city/province where the principal office is located, within 20 working days from the date of this circular letter.
Copies of such statements, as published, together with the publisher’s certificate, shall also be scanned and submitted in PDF format to PHI CB within 5 days post-publication.
