Regulatory Alerts2022-06-07
Circular Letter No. 52/2013
The Central Bank of Libya issued Circular Letter No. 52/2013 to notify commercial banks and the Libyan Foreign Bank of a communication from the Transitional Government's Minister of Justice. The correspondence outlines the establishment of a new committee and details legislative amendments to the Banking Institutions Administration Law and Law No. 36 of 2012 regarding the management of funds and requirements for specific individuals. Banks are expected to review these regulatory updates to ensure compliance with the revised administrative and financial frameworks.
Central Bank of Libya P.O. Box 1103 Telegram Address: Central Bank of Libya - Tripoli - Libya
Additional: R/M 804 Circular Letter No. (52 / M 2013) Date: 28 Rabi' al-Thani 1434 AH Corresponding: 10/3/2013 AD
To: General Managers of Commercial Banks To: Chairmen of Temporary Administrative Committees of Commercial Banks To: General Manager of the Libyan Foreign Bank
Greetings,
This administration has received a letter from the Minister of Justice of the Transitional Libyan Government, reference number 4-35-2013, dated 24/2/2013, addressed to both the Governor of the Central Bank of Libya and the Director of the Social Security Fund. The letter indicated the formation of a committee and amendments to the Banking Institutions Administration Law, as well as amendments to Law No. (36) of 2012 concerning the management of funds and requirements of certain individuals.