Regulatory Alerts2012-07-03
Added · Updated
DFIM Circular No. 05: Late Submission of Statements by Financial Institutions
Financial institutions are required to submit requested statements within the prescribed timeframe; failure to do so results in a penalty of 5,000 Taka per day of delay under Section 42 of the Financial Institutions Act, 1993. If the submission deadline is exceeded by more than seven days (including holidays), the institution is subject to the maximum fine specified in that section. This directive is effective immediately and supersedes DFIM Circular No. 02 dated March 27, 2001.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share