Regulatory Alerts2026-04-30
Extension of Proper Conduct of Banking Business Directive No. 253 Regarding Operation Roaring Lion
The Banking Supervision Department, led by Supervisor of Banks Daniel Hahiashvili, has extended the validity of Temporary Directive No. 253 to May 31, 2026, to assist the banking system in managing the economic ramifications of Operation Roaring Lion. This extension applies to most provisions of the directive but results in the cancellation of Section 3, as the circumstances justifying its relief no longer exist. The amendment was approved by the Governor after consulting the Advisory Committee on Banking Business Affairs and is exempt from standard regulatory reporting requirements under the Principles of Regulation Law.
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