Regulatory Alerts2023-10-12 | 24073Added · Updated
Notice – The Financial Institutions Act, CHAP.79:09 Financial Institutions (Capital Adequacy) Regulations 2020
Regulations 18, 19, and 20 of the Financial Institutions (Capital Adequacy) Regulations, 2020 come into force on January 1, 2024. Regulation 20 defines systemically important licensees based on size, interconnectedness, substitutability, and other criteria specified by the Central Bank. The Central Bank must notify affected licensees in writing of any additional capital charges required and their effective dates.
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