These Regulations come into force one month from the date of their publication in the Official Gazette.

Banks not meeting the limit requirements, as defined in these Regulations, may be granted additional period for reduction of their exposures individually and/or in the aggregate, not extending beyond five years from the implementation of these Regulations, as mentioned under Paragraph 7 of the Notes to the Table of Maximum Large Exposure Limits.

Circular No. 16/93 and its amendments shall be cancelled with effect from the date these Regulations come into force.

Yours faithfully,,,