Regulatory Alerts2025-06-30
D5/2025 - Directive replacing D1 of 2025 on returns to be submitted to the PA
The Prudential Authority has issued Directive D5/2025 to require banks, controlling companies, and foreign branches to submit specified financial, risk-based, and operational returns. This directive consolidates all Banks Act returns by replacing Directive 4 of 2024 and Directive 1 of 2025, effectively removing them from the underlying Regulations to support the Umoja System Implementation Project. Effective from 1 July 2025, regulated institutions must complete designated forms and return signed acknowledgements to ensure compliance with the updated reporting framework.
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