Regulatory Alerts2008-03-31
Banking Act 2004 - Amendments to Guidelines
The Bank of Mauritius issued this directive to formally align existing regulatory guidelines with the Banking Act 2004 and Bank of Mauritius Act 2004. By applying statutory continuity provisions, the document maps specific paragraphs from guidelines on financial transactions, corporate governance, internet banking, and credit risk management to their corresponding sections in the updated legislation. This mapping ensures that pre-existing guidelines remain legally operative under the new framework, providing financial institutions and external auditors with precise compliance references effective March 2008.
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