Regulatory Alerts2020-09-07 | 29660Update on Submission of Regulatory Returns by Licensees and Financial Holding companies under the FIA, 2008 Due to Covid-19
The Banking Sector regulator has issued an updated directive requiring licensees and financial holding companies under the Financial Institutions Act (FIA), 2008 to adjust their regulatory return submissions. The update extends filing deadlines and relaxes certain procedural requirements to mitigate operational disruptions caused by the Covid-19 pandemic. Affected institutions must comply with the revised schedules to ensure continuous regulatory compliance and avoid penalties.
Share