Regulatory Alerts2024-02-28
Mutual Banks Act Circular 1/2024: Status of Previously Issued Circulars
Issued by the Prudential Authority, this circular annually confirms which Mutual Banks Act circulars and directives remain legally effective for mutual banks and their auditors. All previously issued circulars are automatically deemed withdrawn unless explicitly listed as active, while all individual and collective directives remain valid until formally rescinded. Regulated entities must retain copies of the confirmed instruments and return a signed acknowledgement of receipt to the Authority.
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