Regulatory Alerts2019-02-28 | 3/13Added · Updated
Resolution on Amendment to Paragraph 54 of the Regulation on Central Bank Requirements for Internal Audit of Commercial Banks
The resolution amends paragraph ten of point 54 in the 2004 Regulation on Requirements for Internal Audit of Commercial Banks by replacing the phrase "and financing of terrorism" with "financing of terrorism and financing of the proliferation of weapons of mass destruction." This textual update applies to commercial banks subject to internal audit requirements under the Central Bank's framework. The resolution takes effect upon official publication and will cease to be in force on 8 August 2021 following the approval of a subsequent comprehensive regulation.