Regulatory Alerts2021-08-26
Added · Updated
Financial Institutions (Resolution) (Contractual Recognition of Suspension of Termination Rights—Banking Sector) Rules
The Resolution Office issued a notice confirming that the negative vetting period for the Financial Institutions (Resolution) (Contractual Recognition of Suspension of Termination Rights—Banking Sector) Rules has expired. Consequently, the Rules are mandated to come into operation on 27 August 2021. This notification serves to inform all Authorized Institutions of the immediate legal effect of these regulatory measures.
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