Regulatory Alerts2024-06-24
Circular 8/2024
The Central Bank of Libya issued Circular 8/2024 to amend existing banking regulations and guidelines, updating capital requirements, licensing procedures, and reporting standards for licensed financial institutions. The circular mandates full compliance with the revised provisions effective 14 May 2024, supersedes conflicting prior directives, and establishes clear implementation timelines for supervisory oversight. All licensed entities must align their operational and governance frameworks with the updated regulatory requirements upon issuance.
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