ANNEXURE 10: Document Enhanced: Pillar 3 – Package of Disclosure Requirements and Guidance Notes, 2007
Effective from Jul 21 2014 - Sep 30 2014
To view other versions open the versions tab on the right
| The following guidelines to be included in Pg 11 Section 4 “Materiality” of the SAMA’s Pillar 3 – Package of Disclosure Requirements and Guidance Notes, 2007 | |
| (In addition to the original guidance) | |
| Materiality | |
| This Framework also anticipates a role for specific measures. Where disclosure is a qualifying criterion under Pillar 1 to obtain lower risk weightings and/or to apply specific methodologies, there would be a direct sanction (not being allowed to apply the lower weighting or the specific methodology). | |
| (Refer to Paragraph 812 of of International Convergence of Capital Measurement and Capital Standards – June 2006) | |
| The following guidelines to be included in Pg 12 Section 5.2 “Location of Disclosures” of the SAMA’s Pillar 3 – Package of Disclosure Requirements and Guidance Notes, 2007 | |
| (In addition to the original guidance) | |
| Location of Disclosures | |
| In situations where the disclosures are made under accounting requirements or are made to satisfy listing requirements promulgated by securities regulators, banks may rely on them to fulfil the applicable Pillar 3 expectations. In these situations, banks should explain material differences between the accounting or other disclosure and the supervisory basis of disclosure. This explanation does not have to take the form of a line by line reconciliation. | |
| (Refer to Paragraph 814 of of International Convergence of Capital Measurement and Capital Standards – June 2006) |