Regulatory Alerts2022-02-28
Mutual Banks Act Circular 1/2022: Status of Previously Issued Circulars
The Prudential Authority issues this annual directive to clarify which previously published Mutual Banks Act circulars remain legally effective for mutual banks and their auditors. All prior circulars are automatically deemed withdrawn unless explicitly listed as retained, with Mutual Banks Act Circular 1/2014 currently confirmed as the sole active directive. Institutions and their auditors must retain copies of the confirmed circulars and return a jointly signed acknowledgement of receipt to the Authority.
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