Table of Contents
| Subject | الصفحة Page | الموضوع |
|---|---|---|
| INTRODUCTION | 2 | مقدمة |
| OBJECTIVE | 2 | الغرض |
| ## Major Acquisitions Regulation Circular No: 02/2020 Date: 24/3/2020 To: All Banks Subject: Major Acquisitions ### Introduction: The Central Bank seeks to promote the effective and efficient development and functioning of the banking system. To this end, it is necessary to regulate and supervise Major Acquisitions proposed and undertaken by banks and banking groups. In introducing this Regulation, the Central Bank intends to ensure that Banks adopt prudent approaches to Major Acquisitions within a Regulatory framework in line with leading international practices. This Regulation is issued pursuant to the powers vested in the Central Bank under the Central Bank Law (Decretal Federal Law No. (14) of 2018). Where this Regulation includes a requirement to provide information or to take certain measures, or to address certain items listed at a minimum, the Central Bank may impose requirements that are additional to the listing provided in the relevant Article. The onus is on the Board to demonstrate that it has implem... |