Regulatory Alerts2022-06-01
Guidance to Supervised Financial Institutions Following Security Developments in Kampala City
The Bank of Uganda issued this circular to require supervised financial institutions to adopt enhanced security measures and increase vigilance following recent Kampala City explosions. The regulator grants approval for temporary premises closures to protect staff and customers, mandating immediate notification regarding the closure's nature and duration. These directives apply to all supervised entities, including commercial banks, credit institutions, microfinance deposit-taking institutions, and forex bureaus, across all domestic and Kampala locations.
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