2019-11-20 | FPRD/DIR/GEN/CIR/07/039

Exposure Draft on the Guidelines for Shared Services Arrangements for Banks and Other Financial Institutions

The Central Bank of Nigeria (CBN) is developing guidelines for banks and financial institutions on shared services and transfer pricing arrangements to address uneven management and related concerns. The Exposure Draft is issued for comments, with a deadline of December 6, 2019. Non-compliance with the guidelines may result in administrative sanctions and is punishable under the Banks and Other Financial Institutions Act 1991.

Nigeria

Central Bank of Nigeria

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