Regulatory Alerts2019-10-15
Added · Updated
A circular dated October 13, 2019 regarding amending customers’ bank investments accounts
The document outlines updates to the instructions regarding maximum limits for client employment and associated parties, including the expansion of the definition of employment to include total capital commitments and a percentage of the unused portion of commitments for non-cancellable loans and facilities. Banks are given a six-month grace period to adjust to the new regulations.
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