Regulatory Alerts2022-06-07
Central Bank of Libya Periodic Letter No. 50/2013
The Central Bank of Libya, through Periodic Letter No. 50/2013 dated March 10, 2013, authorizes its Governor to determine the annual subscription fee for the depositors' funds guarantee fund and applicable late payment penalties. Issued to commercial bank general managers, interim administrative committee chairmen, and the Libyan Foreign Bank director, this directive implements Board Decision No. 34 of 2010 regarding fee assessments and payment timelines. The letter establishes the procedural framework for periodic fee evaluations conducted by the Central Bank to ensure consistent financial compliance across Libyan commercial banking institutions.
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