Regulatory Alerts2020-03-18
C1/2020: Status of previously issued circulars
The Prudential Authority issues this annual confirmation to clarify which previously issued circulars remain effective for banks, controlling companies, eligible institutions, and their auditors. All prior circulars are deemed withdrawn unless explicitly listed as effective in this document, whereas directives issued under section 6(6) of the Banks Act remain in force until formally withdrawn in writing. The document provides comprehensive lists of these continuing circulars and directives to ensure regulatory compliance and eliminate uncertainty regarding applicable requirements.
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