Regulatory Alerts2025-06-30
Directive 6 of 2025 – Submission of Returns to the Prudential Authority from 1 July 2025
The Prudential Authority issued Directive 6 of 2025, mandating that banks, controlling companies, and foreign branches submit specified financial, risk-based, and operational returns. As part of the Umoja System Implementation Project, institutions must file these reports through a centralized digital portal alongside certified forms BA 099 or BA 099A. Full compliance takes effect on 1 July 2025, transitioning these reporting obligations from statutory regulations to directive-based frameworks.
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