The Financial Regulator proposes to impose a requirement on credit institutions to disclose in their annual accounts, on an individual director basis:
- Details of the maximum amount of loans from that credit institution outstanding at any time during the year to that director (including connected loans)
- The year-end balance of borrowing by that director (including connected loans)
It is intended that this requirement will become effective from 1 March 2009. Please see the Financial Regulator website for more details.