SBP withdraws self-assessment program for clean note policy

MG News | November 07, 2024 at 03:22 PM GMT+05:00

0:00

November 07, 2024 (MLN): The State Bank of Pakistan (SBP) has withdrawn its instructions regarding the self-assessment compliance program for the Clean Note Policy (CNP) by commercial banks.

The central bank has also removed the requirement for Chief Compliance Officers of banks to issue a certificate in the standard format regarding the implementation of the Clean Note Policy in letter and spirit.

Previously, banks were required to submit this compliance certificate annually, within fifteen (15) days from the commencement of each calendar year, to the Director of the Currency Management Department, State Bank of Pakistan, Banking Services Corporation, Head Office, Karachi.

These instructions were issued by the central bank in BPRD Circular No. 01 of 2010, dated January 5, 2010, on the Implementation of the Clean Note Policy by Banks.

The central bank further noted that other instructions issued by the State Bank of Pakistan on the subject, from time to time, will remain applicable.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	159,592.91 216.91M	0.31% 496.12
ALLSHR	97,116.33 768.06M	0.46% 445.03
KSE30	48,297.58 106.33M	0.31% 148.84
KMI30	228,607.02 68.07M	0.59% 1329.76
KMIALLSHR	63,247.23 258.39M	0.62% 387.33
BKTi	44,604.42 43.32M	0.63% 277.31
OGTi	30,819.67 8.30M	0.93% 283.08

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,160.00	104,220.00 99,425.00	2950.00 2.91%
BRENT CRUDE	63.70	64.39 63.23	0.32 0.50%
RICHARDS BAY COAL MONTHLY	87.25	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	96.75	96.75 96.75	-0.20 -0.21%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.84	60.46 59.32	0.41 0.69%
SUGAR #11 WORLD	14.13	14.37 14.07	-0.06 -0.42%