Regulatory Alerts2022-03-21
Added
SD Circular No. 03: Allocation of OBU Codes for Bank Companies
Scheduled banks operating in Bangladesh are required to apply for an Offshore Banking Unit (OBU) code with the Statistics Department within seven working days of a new OBU commencing operations. Conversely, if an OBU ceases operations, the Statistics Department must be notified for code cancellation within seven working days. Existing OBU codes, including those allocated by AIPD, will remain valid, and new OBU codes for data submission will be exclusively allocated by the Statistics Department of Bangladesh Bank.
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