Regulatory Alerts2022-06-07
Central Bank of Libya Circular Letter (143-2017) – Personal Questionnaire for Sharia Supervisory Board Members and Officials
The Central Bank of Libya issued Circular Letter No. 143-2017 to mandate the completion and submission of a standardized personal questionnaire by all members and officials serving on Sharia Supervisory Boards in Libyan banks and financial institutions. The directive requires these individuals to disclose their professional backgrounds, current appointments, shareholdings of five percent or more, and any prior regulatory disqualifications to ensure compliance with Law No. 1 of 2005 and Governor Decision No. 53 of 2017. Completed forms must be reviewed by the concerned parties, returned directly to the Bank's Banking and Currency Supervision Department, and submitted promptly alongside a passport photo and national ID number.
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