Imports Undertaking Dispensation
Applicable sections of the Exchange Control Manual:
Section B.1 - Payment for imports
Section D.1 - Forward cover or hedging transactions between Authorised Dealers and residents
Section E - Non-resident accounts, Customer Foreign Currency accounts, Foreign currency accounts and Foreign Bank accounts
Proposal: Letter of Compliance
The attached Letter of Compliance is a proposed format for the submission of information as called for in the Exchange Control Manual.
Whilst this format is not prescribed by the Financial Surveillance Department, we require that the Letter of Compliance reflects the confirmations mentioned in the proposed format.
You are kinldy requested to advise all relevant parties of this proposed letter.