Regulatory Alerts2022-06-07
Central Bank of Libya Periodic Letter (32-2017)
The Central Bank of Libya issued Periodic Letter No. 32/2017 to require commercial banks to submit board meeting resolutions and attendee lists within ten days of issuance, specifically targeting meetings held between 2015 and 2016 that have been delayed. The directive mandates compliance with Article 68 of Law No. 1 of 2005 and builds upon previous governance circulars to ensure complete board composition and timely regulatory reporting. Banks are instructed to prioritize this submission immediately to rectify current filing backlogs and align with statutory governance requirements.
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