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E × E M P LA RY H E B R E W B O O K S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The L IBRARYOFJ JOSEPH G RADENWITZ, E SQ. K EST E N BAU M & C O M PA NY T TUESDAY, S
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e x e m stands for Electronic eXchange of Machine-readable data.
Large corporations and financial institutions are required to file e x e m.
e x e m can be filled out electronically through the designated platform provided by the regulatory authority.
The purpose of e x e m is to streamline the reporting process and improve data accuracy for regulatory compliance.
Information such as financial transactions, ownership structure, and risk exposure must be reported on e x e m.
The deadline to file e x e m in 2024 is September 30th.
The penalty for late filing of e x e m could be a fine or suspension of certain privileges until compliance is met.
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