Regulatory Alerts2026-03-09
Mutual Banks Act Circular 1/2026: Status of Previously Issued Circulars
The Prudential Authority issued Mutual Banks Act Circular 1/2026 to annually confirm the regulatory status of previously issued circulars and directives for mutual banks and their auditors. The circular explicitly lists the specific circulars and directives that remain in force, while deeming all other previously issued circulars withdrawn, terminated, or replaced unless otherwise confirmed. Addressees must retain copies of the listed effective instruments and return a duly completed acknowledgement of receipt signed by both the institution’s chief executive officer and its auditors.
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