To: All Licensed Banks and FLCs

Operating in the Sultanate of Oman

After Compliments,

Sub: Implementation of International Financial Reporting Standard 9 on Financial Instruments

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1. As you are aware, the framework on Liquidity Coverage Ratio (LCR) and LCR disclosure standards was issued to all banks in terms of our circular no. BM 1127 dated December 24, 2014.The standard for LCR became effective from January 1, 2015, with a minimum ratio of 60% and increasing by 10% every year thereafter till it reaches a minimum of 100% by 2019. It was also mentioned in the same circular that separate instructions would follow regarding the Net Stable Funding Ratio standard.