Regulatory Alerts2019-11-14
Added · Updated
FEPD Circular Letter No. 27: Opening of branch offices abroad
The document clarifies that the term 'residents in Bangladesh' for the purpose of opening branch offices abroad refers to legal resident entities other than banks and financial institutions licensed under the Bank Company Act, 1991 and Financial Institutions Act, 1993. This interpretation applies to the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1, read with FE Circular No. 16, dated 18 April 2019. Authorized Dealers in Bangladesh are instructed to bring this clarification to the notice of all concerned constituents.
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.
Share