Regulatory Alerts2024-05-27
Central Bank of Tunisia Circular No. 2024-08 dated May 27, 2024
The Central Bank of Tunisia issued Circular No. 2024-08 on May 27, 2024, mandating foreign bank branches established prior to the 2016 banking law to submit a guarantee letter covering the difference between their allocated capital and the statutory minimum. The circular requires these branches to deposit the original, signed guarantee letter with the Financial Stability Department within two months of publication. The obligation remains in effect until the branch's allocation meets or exceeds the minimum capital threshold, at which point the guarantee letter is returned.
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