Regulatory Alerts2023-07-27
Added
BRPD Circular Letter No. 26: Restrictions for ensuring discipline in bank-company management
The Bangladesh Bank exempts subsidiaries established abroad as exchange houses, money transfer operators, or finance companies, as well as foundations established and managed under the bank's authority, from the restrictions on board membership previously issued in Circular Letters No. 15 and 20 of 2022. This exemption acknowledges the regulatory requirements of host countries and the heightened operational risks in foreign jurisdictions. The restrictions on board membership for other subsidiaries and the remaining directives of Circular Letter No. 15/2022 remain unchanged and applicable.
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