Regulatory Alerts2022-06-01
Added
BRPD Circular Letter No. 20: Restrictions for ensuring discipline in bank-company management
The document extends the deadline for compliance with BRPD Circular Letter No. 15/2022 regarding restrictions on board members of banks and their subsidiaries from June 30, 2022, to June 30, 2023. This extension allows scheduled banks in Bangladesh time to identify and appoint qualified successors for Chairman, Director, or Member positions, thereby preventing operational disruptions and potential financial losses. All other instructions contained in the original circular remain unchanged.
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