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  • PRU-EPRS 1.33 PRU-EPRS 1.33 Instructional Guidelines — Form B210 — Outward Remittances

    Purpose

    Form B210 — This form is designed to capture the data on outward remittances made by Authorised Firms, which include remittances made to entities located outside the UAE.

    Applicability

    This form is applicable to Authorised Firms carrying out banking business. This involves Authorised Firms licensed to undertake Accepting Deposits and Providing Credit and Authorised Firms classified under prudential category 5 and licensed to manage PSIAs. This includes Authorised Firms operating as a Branch in the DIFC.

    Content

    The form is intended to capture information pertaining to the remittances made to a specified set of countries / regions and to the rest of world over the reporting period. The form seeks the data on remittances classified according to the purpose of the remittance. Authorised Firms are required to report data relating to all remittances made by them, both on their own account and those made for the benefit of their Clients or on the instructions of their Clients.

    Structure of the form in EPRS

    B210 is a single form which seeks data on outward remittances made to the different countries / regions listed in the columns. The data is to be provided across different purposes for which the remittances are made.

    The form has two sections — first section B30_010 relates to trade related to remittances and the second section which relates to non-trade related remittances.

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

    • PRU-EPRS 1.33 Instructional Guidelines

      1. The data being sought in the form are self explanatory given the description provided in the title column, except for the following specific point.
      2. B30_010: Include all the trade related remittances, including but not limited to payments on behalf of Clients for all trade finance Transactions, payments to suppliers / sellers domiciled outside the UAE, payments to banks located outside providing the trade credit for such deals.
      Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
      [Amended] [VER2/04-13]