Regulatory Alerts2024-10-01
Circular No. 13M18: The To B Framework
The regulator issued Circular No. 13M18 to implement updated compliance standards for the To B operational framework. This directive requires all licensed entities to adopt revised reporting protocols and meet newly defined risk assessment thresholds within the stipulated timeframe. Entities failing to align their internal controls with these updated provisions will face graduated enforcement actions, including mandatory corrective measures and potential operational restrictions.
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