Regulatory Alerts2020-09-30
Added · Updated
FEPD Circular Letter No. 35: Instructions to be followed for sending application to Bangladesh Bank
Approved dealer banks are instructed to exercise their own judgment and resolve applications within their delegated authority under the Foreign Exchange Regulation and Foreign Currency Loan Agreement-2018 and subsequent circulars, rather than forwarding all matters to Bangladesh Bank. For applications that cannot be resolved under existing policies, banks must forward them with context, recommendations, and joint signatures of the branch head and responsible officer on official letterhead, including full contact details and an official seal. All submissions must include verified, legible copies of supporting documents with the verifying officer's name and seal; unsigned copies are not acceptable, and non-compliant applications will not be considered.
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