FINANCIAL INSTITUTIONS (LIQUDITY REQUIREMENTS AMENDMENT NO. 1) REGULATIONS 2001

THE COMMISSIONER OF FINANCIAL INSTITUTIONS HEREBY MAKES THE FOLLOWING AMENDMENTS TO THE FINANCIAL INSTITUTIONS (LIQUIDITY REQUIREMENTS) REGULATIONS 2000 -


1. Regulation 5(3) is hereby amended to read as follows –

“A weekly report on liquidity requirements as set out in the Schedule shall be submitted to the Central Bank not later than the Monday following the reporting week”.


2. Regulation 5(7) is hereby amended to read as follows –

“The computation of minimum reserve balance and liquid assets shall be done on a daily basis using the previous week’s daily balances for deposits and other liabilities in sub-regulation 5(4) and shall be reported on a weekly average basis. The reporting week starts on Thursdays and ends on Wednesdays. Any deficiency in daily liquidity position may be offset against excess liquidity in any other days within the reporting week”.


S. M. SWARAY
GOVERNOR, CENTRAL BANK OF LESOTHO