Regulatory Alerts2012-11-19
Circular CN-CBSS/2012/12: Offering Banking Services on Saturdays
The Maldives Monetary Authority issued Circular CN-CBSS/2012/12 to permit commercial banks in the Maldives to open on Saturdays for limited banking business, subject to prior approval. The circular explicitly states that the MMA itself will remain closed on Saturdays and that clearing sessions will continue to operate on all Government working days unless otherwise advised. This directive applies to all commercial banks operating within the country.
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