Regulatory Alerts2020-01-03
Added · Updated
Notice No. 01/GBM/2020 of 3 January - Holders of Relevant Management Positions
The Bank of Mozambique establishes criteria and procedures for identifying holders of relevant management positions in credit institutions and financial societies, requiring their registration in a special register. The regulation defines relevant management roles as those held by staff with significant influence on management who are not members of the administrative body, specifically including internal audit, risk control and management, and other designated functions. Institutions must identify and communicate these positions to the Bank and request registration for current holders within ninety days of the notice's entry into force.
More like this from BM
BM published 1 document in the last 30 days. We email you each new one the day it's published.