Regulatory Alerts2003-01-01
Banks Act Circular 1/2003: Annual withdrawal and retention of circulars
The Registrar of Banks issued Banks Act Circular 1/2003 to formally withdraw circulars from 2002 and clarify which administrative directives remain in force for regulated institutions. The document lists specific circulars from 1998 to 2002 that are retained in their entirety and reissues essential directives from older withdrawn circulars regarding foreign supervision, foreign-exchange risk, and fraud warnings. Recipients are required to retain copies of the listed effective circulars and return signed acknowledgements of receipt to the Office.
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