Regulatory Alerts2020-04-01 | 23642Submission of Regulatory Returns by Licensees and Financial Holding Companies under the Financial Institutions Act, 2008 Due to COVID-19
The financial regulatory authority has extended submission deadlines for licensees and financial holding companies under the Financial Institutions Act, 2008 to mitigate pandemic-related operational disruptions. This directive applies across the banking and insurance sectors, as well as entities subject to AML/CFT/CPF compliance frameworks. Regulated organizations may file their regulatory returns within the revised timeframe without incurring standard enforcement penalties, ensuring continuous compliance.
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