Regulatory Alerts2021-01-27
Added · Updated
Mutual Banks Act Circular 1/2021: Status of Previously Issued Circulars
The Prudential Authority annually confirms the regulatory status of previously issued Mutual Banks Act circulars to ensure mutual banks, eligible institutions, and their auditors clearly identify which directives remain in force. Under this framework, all prior circulars are automatically deemed withdrawn unless explicitly retained and confirmed in the current annual publication. Recipients are required to retain copies of the listed effective circulars and return a duly signed acknowledgement of receipt to the Authority.
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