Regulatory Alerts2022-02-23
Added · Updated
Further extension of the Pre-approved Principal Payment Holiday Scheme
The regulatory authority issued this circular on 23 February 2022 to further extend the Pre-approved Principal Payment Holiday Scheme for corporate customers. This measure addresses ongoing challenges posed by the COVID-19 pandemic by allowing authorized institutions to grant principal payment holidays to eligible borrowers. The document references the original scheme established in April 2020 and related loan classification guidelines to ensure consistent implementation across the financial sector.
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