Regulatory Alerts2025-02-04
Added · Updated
Amendment to the Deadline for Submitting the Internal Capital Adequacy Assessment Report
The Central Bank of Egypt amends Item 4 of the March 9, 2016 circular on Internal Capital Adequacy Assessment instructions to extend the submission deadline for the annual report to 90 days from the date of the bank's General Assembly meeting, with a maximum limit of June 30 for foreign branches. Banks are required to submit this report annually to the Supervision and Inspection Sector and notify the Central Bank of any major changes to the report's content during the year. The decision applies immediately from its date of February 3, 2025.
Topics
Share