Regulatory Alerts2021-03-23
Added
FEPD Circular No. 11: Outward remittance for payment of subscription fees for local distribution of satellite channel through DTH technology
Bangladesh Bank authorizes Authorized Dealers to process outward remittances for subscription fees paid by local satellite channel distributors using Direct to Home technology. Authorized Dealers must submit customer applications on a case-by-case basis to the Foreign Exchange Operation Department, Head Office, accompanied by specific documentation including BTRC and Ministry of Information permissions, authenticated agreements, invoices, and auditor certificates. The instructions require customers to provide five-year business projections, audited financial reports, and an undertaking to repatriate any excess remittances resulting from calculation errors. These measures are effective immediately.
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