2016-12-06

Added · Updated

Circular dated June 23, 2016 regarding updating, reviewing and publishing the electronic regulatory instructions manual

The Central Bank of Egypt has completed the update, review, and publication of the electronic regulatory instructions manual, which consolidates all circulars issued up to the first quarter of 2014. Banks are required to review the manual's content and formatting changes for a period of six months and submit any observations or inquiries from compliance department heads to the Regulatory Instructions Department via email. The manual serves as a supplementary tool to facilitate the collection and classification of regulatory instructions, which remain the basis for compliance, and will be updated periodically to include new regulations.

Central Bank of Egypt logo

Egypt

Central Bank of Egypt

Click to view thumbnail

Cairo on: 23 June 2016

Dear Mr. / Chairman of the Board of Directors

Bank

Greetings and,

In light of the Central Bank of Egypt launching the new electronic website, we inform you that the stages of updating, reviewing, and publishing the electronic regulatory instructions manual have been completed and made available on a trial basis for a period of 6 months under the Supervision and Oversight section on the main page, taking into account that all circulars issued by the Central Bank of Egypt have been compiled in the aforementioned regulatory instructions manual up to the first quarter of 2014.

And based on the above, please kindly review the content of the manual and the formatting changes that affect the content, and provide any observations or inquiries regarding it by the heads of compliance departments in banks or by whom you deem appropriate, within the aforementioned period (6 months) and send them to the email address of the Regulatory Instructions Department:

Regulations.Department@cbe.org.eg

It is worth noting that circulars issued by the Central Bank of Egypt are the basis for compliance with the instructions and decisions issued by it, and the manual is considered a supplementary tool to facilitate banks in collecting and classifying these instructions, taking into account that the manual will be updated periodically to add new regulatory instructions issued.

Please be so kind as to alert regarding taking the necessary action in this regard.

Please accept our highest respect

Gamal Naguib