Regulatory Alerts2022-01-07
Added · Updated
Circular to Credit Institutions on the Amendments to Banking Rules BR/01, BR/12, BR/14, BR/15 and BR/21, and the Introduction of BR/24
The Authority has issued revised Banking Rules BR/01, BR/12, BR/14, BR/15, BR/21, and introduced the new Banking Rule BR/24, effective immediately. These changes primarily transpose Directive (EU) 2019/878 (CRD V) and implement EBA Guidelines, affecting areas such as application procedures, supervisory review, outsourcing, capital buffers, and remuneration policies. Key amendments include the deletion of certain lists and forms in BR/01, clarification of outsourcing notification periods in BR/14, revised capital buffer provisions in BR/15, updated remuneration policy principles in BR/21, and the establishment of comprehensive internal governance requirements in the new BR/24.
Share