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  • PRU-EPRS 1.29 PRU-EPRS 1.29 Instructional Guidelines — Form B170 — Acceptance of Deposits Schedule

    Purpose

    Form B170 — Acceptance of Deposits is designed to capture the details of the Deposit taking activity of Authorised Firms carried out by way of business, on both dimensions of outstanding amount at the end of the reporting period and fresh Deposit inflows during the reporting period.

    Applicability

    This form is applicable to Authorised Firms in the prudential category 1, which are licensed to carry out the financial service of Accepting Deposits. This includes Authorised Firms operating as a Branch in the DIFC.

    Content

    The form is intended to capture information pertaining to the outstanding amount of Deposits owed by and reported on the Authorised Firm's balance sheet and the amount of Deposits raised by the firm during the reporting period. Specifically the form captures the detailed break-up of Deposits across:

    (a) different types of depositors;
    (b) type of Deposits;
    (c) geographic diversification of the depositor;
    (d) maturity of the Deposits; and
    (e) Currency denomination of Deposits.

    The form also seeks to collect the data composition of Deposits as described above, except for the distribution across currencies, in terms of USD Deposits and Deposits raised in other currencies separately. Authorised firms are required to report all data on Deposits in USD equivalent, including the data on Deposits raised in other currencies.

    Authorised Firms are required to report all Deposits which meet the definition provided in Appendix 1 of the GEN module of the DFSA Rulebook. Authorised Firms involved in managing PSIA accounts for its Clients need not report the amounts involved in such PSIA accounts in this form.

    Structure of the form in EPRS

    B170 has a main form with a linked form, wherein the main form has four sections, each of which involves classifying total Deposits across one of the dimensions referred above. The linked form seeks classification of Deposits accepted in terms of the currency in which they are denominated. In respect of every category of Deposits resulting from the classifications referred above, Authorised Firms are required to disclose total outstanding Deposits at the end of the reporting period and the total Deposits raised during the reporting period. The total outstanding Deposits reported under each section should be the same and should equal total Deposits reported in form B10, form B20 or form B90, whichever is applicable.

    Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
    [Amended] [VER2/04-13]

    • PRU-EPRS 1.29 Instructional Guidelines

      1. All figures relating to income statement items, other expense accounts, volumes, activity levels, number of accounts or units sold / traded and any other data relating to amounts invested / deposited except outstanding balances in any of the quarterly returns should correspond to the current reporting period (quarter) and not cumulative or year-to-date amounts.
      2. Section I: Classification of Deposits by type of depositor: The different types of depositors for which data is to be reported are listed in the title column which render them self explanatory, except for the following specific points.
      3. B170_1010 — Individuals: This refers to all the individual depositors who have made the Deposits on their own name. Include also Deposits made by personal investment vehicles of individual investors which usually, but are not limited to take the form of trusts, investment companies etc.
      4. B170_1050 — Sovereign, sub-sovereign entities and PSEs: Include Deposits raised from sovereign governments, emirate / state / provincial governments, municipal authorities, agencies of the government which do not represent sovereign risk. Also include Deposits accepted from corporate entities which are wholly or majority owned by federal / state governments.
      5. B170_3010 to B160_3060 — Geographical distribution of depositors: The classification in this section is intended to be mutually exclusive. For example, reporting of Deposits from the MENA, B170_3020 should not include the Deposits raised from the GCC, because it is reported in the previous item.
      6. B170_500T — This row titled 'Total (currency)' leads to a linked form. To reach the linked form, right-click on the green cell in the right-most column of this row and choose 'Linked Form' in the pop-up box.
      7. The linked form provides for addition of any currencies which the user wishes to use for reporting Deposits. To add currencies, click the icon in the first column on the left which opens a dialogue box listing the entire universe of currencies. User will choose the currencies on which reporting is required to be done by clicking on the code numbers for the currency listed in the dialogue box. The currencies thus chosen can be seen on the right hand side window. On completing the selection of all the currencies required, the user clicks OK button at the bottom of the window. This will bring the user back to the linked form where all the chosen currencies are listed. The user can then report the data regarding Deposits against the selected currencies.
      Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
      [Amended] [VER2/04-13]