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

Past version: effective from 16/12/2007 - 13/04/2013
To view other versions open the versions tab on the right

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 accept deposits and provide credit and Authorised Firms classified under prudential category 5 and licensed to manage PSIAs. These include Authorised Firms operating as branches 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]