Regulatory Alerts2022-12-01
Schedule for Establishing Mandatory Reserves for 2023
The regulatory authority issues a mandatory schedule requiring financial institutions to establish reserve obligations according to twelve distinct periods throughout 2023. Each period specifies a reference date, declaration deadline, exact start and end dates, and a duration of either 28 or 35 days. The timetable remains subject to adjustment in the event of force majeure or an unexpected holiday occurring at the end of any period.
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