The annual self-assessment on compliance with the Code of Banking Practice covering the period 1 June 2003 to 31 May 2004 will be due for submission by 31 August 2004. Enclosed please find a reporting template for this purpose.

The reporting requirements are largely the same as those of last year. All AIs are required to commission their internal audit department or other equivalent unit to conduct the self-assessment. The chief executive of the AI should co-sign the self-assessment report. Where an instance of non-compliance is identified, the AI concerned should provide details of the case including its plan to rectify the situation. A full account should be given if the instance of non-compliance is a recurrence of similar instances identified in previous exercises.