Regulatory Alerts2020-10-27
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Circular on Informing the Board of Directors of Central Bank Instructions
This circular from the Central Bank of Egypt, dated October 25, 2020, reiterates the obligation for banks to inform their boards of directors of all instructions, controls, and correspondence issued by the Central Bank. These communications must be included in the records of all board meetings. The Central Bank will monitor and review compliance with this requirement.
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