Banking Services Reporting Requirements & Schedule

Banking Services Reporting Requirements

Reporting Schedule

Note: Banks are no longer required to file as per the calendar year quarter end, rather according to their fiscal year. See the current reporting schedule for more information on reporting deadlines and extensions.

Reporting Documents

All banks regulated under the Cayman Islands’ Banks and Trust Companies Act must submit the following minimum documents pursuant to sections 12(2), 12(3), and 17(1)(b):

Form Name	Frequency	Portal / Method	Applicable Bank Licence	Reporting Duration	Sample Due Date (December Period End)
Basel III - Liquidity Coverage Ratio(LCR)	Monthly	REEFS	'A' retail*	15 days	January 15
Basel III - Net Stable Funding Ratio (NSFR)	Monthly	REEFS	'A' retail	15 days	January 15
Basel III - Minimum Liquidity Ratio (MLR)	Monthly	REEFS	All banks, other than 'A' retail and 'B' branches	15 days	January 15
Basel II and QPR (QPR)	Quarterly	REEFS	All banks	1 month	January 31
Cash Flows Return (CFR)	Quarterly	STRIX	All banks	3 months	31 March
Domestic Banking Activity (DBA)	Quarterly	REEFS	'A' banks	1 month	January 31
Foreclosure Disclosure Form (FDF)	Quarterly	REEFS	'A' banks	1 month	January 31
Locational Banking Statistics (LBS) Survey	Quarterly	REEFS	All banks	1 month	January 31
NPLs - 90 Days Past Due	Quarterly	Email	'A' retail	1 month	January 31
Pillar 3 Annual Disclosures - Group (a) banks	Quarterly	Email	'A' retail, Group (a) banks	1 month	January 31
Coordinated Portfolio Investment Survey (CPIS)	Semi-Annually	REEFS	All banks	2 months	February 28
AML Survey	Annually	STRIX	All banks	6 months	June 30
Audited Financial Statements	Annually	REEFS	All banks	3 months	March 31
Basel II - Pillar II ICAAP	Annually	REEFS	All banks, other than 'B' branches	4 months	April 30
Pillar 3 Annual Disclosures - Group (b) banks	Annually	Email	Group (b) banks; not applicable to 'B' branches	3 months	April 30

* 'A' retail refers to Category 'A' licences granted without restrictions

Basel II and Quarterly Prudential Returns

The Basel II and Quarterly Prudential Returns ("QPR") will be filed via the Regulatory Enhanced Electronic Submission (REEFS) portal.

This portal will assess each submission against various validation rules to ensure the integrity of the form and the information within the form. The form cannot be submitted if it does not pass any of the validation rules and the submitting bank will be notified with an appropriate error message. The bank will then be required to correct the error(s) before submitting the form.

Note: For guidance on the QPR, see the Quick Start Guide, Completion Guide, and Pillar 1 Rules located at https://www.cima.ky/banking-services-forms. For guidance on all other forms, see the web page https://www.cima.ky/regulatory-forms-guidance-notes. REEFS administration, payment, and user guides are available at https://www.cima.ky/reefs-faq.

Filing Extensions

In certain circumstances, bank representatives may apply to CIMA for an extension of the deadline by which required documents must be filed with CIMA.

Method of Submitting Requests

Requests for extensions must be submitted to CIMA, in writing via email or post, addressed to the Head or Deputy Head of Banking Supervision, no less than seven calendar days prior to the due date.

CIMA will review the request for an extension, in line with its ‘Procedure for the Granting of Extensions for the Filing of Supervisory Reports’ (See Regulatory Handbook Appendices, section F2).

Extensions for the filing of Audited Financial Statements

As of 1 January 2013, CIMA charges a non-refundable application fee for an extension for the filing of audited financial statements. See the Current Fee Schedule.

Dormant Accounts

The Dormant Accounts Act, its regulations and subsequent amendments (collectively referred to as the 'Act'), requires certain financial institutions ('account providers') to transfer monies that are in dormant accounts in their institutions to the Government after seven years of account inactivity. For further information, see Dormant Accounts: Information for Account Providers.