Regulatory Alerts2026-03-12
BRPD-2 Circular Letter No. 03: Exemption from Section 23(1)(KKK) of the Bank Company Act, 1991
Bangladesh Bank issued Circular Letter No. 03 to formally notify regulated banking companies of an exemption from section 23(1)(KKK) of the Bank Company Act, 1991. The directive references prior circulars dated 12 April 2026 and mandates that Chief Executive Officers and Head Office General Managers take immediate necessary action upon receipt. This official notice ensures all relevant entities are informed of the statutory exemption and required to implement corresponding compliance measures.
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