Oman Central Bank Circular No. BM974/2004

Oman Regulation No. BM/49/3/2004 Relationship of the Central Bank of Oman with External Auditors of Licensed Banks

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To: All Licensed Banks and Financial Institutions Operating in the Sultanate of Oman

After Compliments,

Sub: Regulation No. BM/REG/49/3/2004 Relationship of the Central Bank of Oman with External Auditors of Licensed Banks

Attached herewith please find a copy of Oman Regulation No. BM/49/3/2004 published in the Official Gazette No. 770, 3rd July 2004.

All licensed banks operating in the Sultanate of Oman are required to adhere to the provisions of the said Regulation.

Best Regards,

Hamood Sangour Al- Zadjali

The Executive President

Oman Regulation No. BM/49/3/2004 Relationship of the Central Bank with External Auditors of Licensed Banks

Pursuant to the provisions of the Banking Law, issued by Oman Sultani Decree No. 114/2000 and its amendments, and in accordance with the Resolution No. BOG/1682/125/3/04/5 of the Board of Governors of the Central Bank, adopted at its meeting held on March 21,2004, and the Basel Committee’s Core Principles for Effective Banking Supervision in respect of the relationship with external auditors, and in accordance with public interest, the following has been decided:

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