Regulatory Alerts2025-08-04
Added
BRPD Circular Letter No. 14: Formation of Board and Responsibilities of Directors of a Bank-Company
This circular mandates that minutes of board and committee meetings for scheduled banks in Bangladesh must explicitly record all discussions, observations, recommendations, and any dissenting notes or exceptional opinions raised by directors. It further requires that comments provided by Bangladesh Bank inspectors present at these meetings be accurately documented to ensure effective participation and accountability. These specific recording requirements supplement the existing guidelines issued in BRPD Circular No. 02 dated February 11, 2024, which remain unchanged. The directive is issued under Section 45 of the Banking Company Act, 1991, and takes immediate effect.
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