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.
Bangladesh Bank Head Office GPO, Dhaka-1000 Bangladesh website: www.bb.org.bd Banking Regulation and Development Department-2 27 Poush 1432 Circular-2, Head Office Circular No. 03, Date: ---------------- 12 April 2026 Chief Executive Officer/Head Office General Manager Bangladesh Bank's Chief Executive Officer / Head Office General Manager Dear Sir, Subject: Exemption from the provision of section 23(1)(KKK) of the Bank Company Act, 1991. In accordance with Bangladesh Bank Circular dated 12 April 2026, Circular No. 2 (Circular No. 2) 651/9(30)wWG/2026-790, this is to inform you for your information and necessary action regarding the exemption from the provision of section 23(1)(KKK) of the Bank Company Act, 1991. Yours faithfully, Reference: 01(GK) Circle Chief Executive Officer (Circular-2) Phone: 9530095