Regulatory Alerts2016-05-03
Ordinance No 8121h-444 of the Ministry of Interior and the Bulgarian National Bank of 3 May 2016 on Organisation and Control in Providing Security of Banks
The Ministry of Interior and the Bulgarian National Bank issued Ordinance No 8121h-444 to establish the organization and control mechanisms for ensuring the physical security of banks in Bulgaria. The regulation mandates the categorization of bank premises based on cash holdings and prescribes specific technical requirements for physical barriers, alarm systems, and surveillance equipment. It further defines personnel responsibilities, security protocols for cash transportation, and the procedures for inspection and enforcement of these security standards.
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