Regulatory Alerts2003-01-01
Banks Act Circular 2/2003: Ministerial Panel for Review of the Draft Accounting Professions Bill
The Deputy Registrar of Banks issued Circular 2/2003 to inform regulated institutions that the Minister of Finance established a Ministerial Panel to review the Draft Accounting Professions’ Bill and enhance financial market integrity. The circular mandates banks to actively engage in the public consultation by utilizing internal structures and soliciting input from external auditors on the panel's terms of reference. All submissions must be delivered by 21 February 2003, accompanied by a signed acknowledgement of receipt from both the institution's chief executive officer and independent auditors.
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