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Determinations are Gazette Notices issued by the Bank on any matter which is required or permitted by the Banking Institutions Act of 1998, (Act No.2 of 1998), as amended, to address issues that are considered necessary and expedient to determine the prudent conduct of the banking business and consistent with the best standards and sound financial management.

Current Determinations


BID Number Document Gazette Number Gazetted Date Effective Date
BID-21 Determination on the Appointment, Duties and Responsibilities of Directors, Principle Officers, and Executive Officers of Banking Institutions and Controlling Companies (BID-1) ISize:2.6 MB No. 6221 24 January 2017 1 February 2017
BID 27 Determination on the Application for Registration as a Controlling Company ISize:2 MB No. 5635 19 December 2014 1 January 2015
BID 6 Determination on Minimum Liquid Assets ISize:2.7 MB No. 5634 18 December 2014 1 December 2014
BID 25 Determination on the Imposition of Administrative Fines ISize:158 kB No. 5244 19 July 2013 19 July 2013
BID 22 Determination on Branches of Foreign Banking Institutions ISize:134 kB No. 5102 20 December 2012 20 December 2012
BID 10 Appointment, Duties and Responsibilities of Independent Auditors ISize:213 kB No. 5089 7 December 2012 1 January 2013
BID 24 Determination on Consolidated Supervision ISize:373 kB No. 4933 1 April 2012 1 April 2012
BID 4 Limits on exposures to single borrowers, large exposures and concentration risk ISize:1 MB No. 4373 6 November 2009 1 January 2010
BID 5 Measurement and calculation of capital charges for credit risk, operational risk and market risk ISize:1 MB No. 4373 6 November 2009 1 January 2010
BID 6 Minimum liquid assets ISize:1 MB No. 4373 6 November 2009 1 January 2010
BID 18 Public Disclosures for Banking Institutions ISize:1 MB No. 4373 6 November 2009 1 January 2010
BID 20 Internal Capital Adequacy Assessment Process ISize:1 MB No. 4373 6 November 2009 1 January 2010
BID 21 Interest Rate Risk in the Banking Book ISize:1 MB No. 4373 6 November 2009 1 January 2010
BID 7 Minimum Local Assets ISize:64 kB No. 3879 17 July 2009 17 July 2009
BID 19 Localization of Core Banking Systems ISize:154 kB No. 4109 27 August 2008 11 August 2008
BID 17 Country Risk Management ISize:73 kB No. 3840 14 May 2007 14 May 2007
BID 15 Limits on Interbank Placements ISize:317 kB No. 3078 30 October 2003 30 October 2003
BID 2 Asset Classification, Suspension of Interest and Provisioning ISize:317 kB No. 3078 30 October 2003 30 October 2003
BID 14 Minimum Insurance for Banks ISize:2 MB No. 2105 17 May 1999 1 June 1999
BID 9 Fraud and Other Economic Crime ISize:4.3 MB No. 2026 15 January 1999 18 January 1999
BID 12 Compulsory Suspension of Cheque Account Facilities by Banks ISize:4.3 MB No. 2026 15 January 1999 18 January 1999
BID 13 Disclosure of Bank Charges, Fees and Commission ISize:4.3 MB No. 2026 15 January 1999 18 January 1999
BID 1 Appointment, Duties and Responsibilities of Directors and Principal Officers of Banks ISize:4.9 MB No. 1899 29 June 1998 1 July 1998
BID 8 Fees Payable in terms of Section 64(6) of BIA ISize:4.9 MB No. 1899 29 June 1998 17 July 1998
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Repealed Determinations


BID Number Document Gazette Number Gazetted Date Repealed Date
BID 22 Foreign Banking Institutions ISize:133 kB No. 4988 9 July 2012 20 December 2012
BID 16 Foreign Currency Exposure Limits ISize:128 kB No. 4447 20 March 2010 20 March 2010
BID 6 Minimum Liquid Assets ISize:64 kB No. 3879 17 July 2007 5 July 2007
BID 16 Foreign Currency Exposures ISize:317 kB No. 3078 30 October 2003 13 October 2003
BID 4 Limits on Exposures to Single Borrowers ISize:317 kB No.3078 30 October 2003 13 October 2003
BID 5 Capital Adequacy ISize:317 kB No. 3078 30 October 2003 13 October 2003
BID 6 Minimum Liquid Assets ISize:317 kB No. 3078 30 October 2003 13 October 2003
BID 10 Appointment, Duties and Responsibilities of Independent Auditors ISize:1005 kB No. 2190 24 September 1999 7 September 2012
BID 6 Minimum Liquid Assets ISize:2 MB No. 2105 17 May 1999 1 June 1999
BID 7 Minimum Local Assets ISize:544 kB No. 1982 2 November 1998 2 November 1998
BID 6 Minimum Liquid Assets Requirements ISize:4.9 MB No. 1899 29 June 1998 1 July 1998
BID 7 Minimum Local Assets ISize:4.9 MB No. 1899 29 June 1998 1 July 1998
BID 5 Risk Weighted Capital Adequacy ISize:4.9 MB No. 1899 29 June 1998 1 July 1998
BID 2 Classification of loans and Suspension of Interest on Non-Performing Loans ISize:4.9 MB No. 1899 29 June 1998 1 July 1998
BID 3 Money Laundering and Know Your Customer Policy ISize:4.9 MB No. 1899 29 June 1998 1 July 1998
BID 4 Large Exposures to Single Person or Group of Related Persons ISize:4.9 MB No. 1899 29 June 1998 1 July 1998
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