Regulations Review Authority – withdrawal of redundant circulars
Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Redundant Circulars
Please refer to the Press Release dated November 16, 2021 issued on the captioned subject.
- The circulars listed in the Annexure are withdrawn with effect from close of business today.
Annexure
| S. No. | Circular Referred | Date | Subject | Effective date of Supersession/withdrawal | Circular No. vide which Superseded |
| 1 | DBOD.No.APP.BC.118/ C.452(K)-89 | April 22, 1989 | Appointment of Statutory (Central / Branch) Auditors as Internal Auditors of Banks | December 31, 2008 | DBS.ARS.No.BC.02/08.91. 001/2008-09 |
| 2 | DBOD.No.BC.182/ 16.13.100/93-94 | October 11, 1993 | Introduction of a System of Concurrent Audit in Banks as Recommended by the Ghosh Committee on Frauds and Malpractices in Banks | August 14, 1996 | DOS.No.BC.16/08.91.021/ 96 |
| 3 | DOS.No.BC.16/ 08.91.021/96 | August 14, 1996 | Concurrent Audit System in Commercial Banks – Revision of RBI’s Guidelines | July 15, 2015 | DBS.CO.ARS.No.BC.2/08. 91.021/2015-16 |
| 4 | DBS.BC.33/08.91.021/19 99-2000 | April 6, 2000 | Guidelines relating to Concurrent Audit System in Commercial Banks | July 15, 2015 | DBS.CO.ARS.No.BC.2/08. 91.021/2015-16 |
| 5 | DBS.ARS.No.599/ 08.91.001/2002-03 | January 21, 2003 | Terms and Conditions of Appointment of Statutory/Concurrent/Int ernal Auditors – Implementation of the Recommendations of the Committee on Legal Aspects of Bank Frauds and the Recommendations of the High-Level Group set up by the Central Vigilance Commission (CVC) | August 27, 2004 | DBS.ARS.No.B.C.4/08.91. 001/2004-05 |
| 6 | DBS.ARS.No.BC.18/ 08.91.021/2002-03 | June 24, 2003 | Concurrent Audit of Forex Transactions in Banks | July 15, 2015 | DBS.CO.ARS.No.BC.2/08. 91.021/2015-16 |
| 7 | DBS.ARS.No.BC.7/ 08.92.001/2003-04 | March 17, 2004 | Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2003-04 | June 6, 2007 | DBS.ARS.No.BC.08/08.92. 001/2006-07 |
| 8 | DBS.ARS.No.BC.09/ 08.91.001/2003-04 | April 20, 2004 | Appointment of Statutory Auditors in Banks – Obtention of Declaration of Indebtedness | January 6, 2005 | DBS.ARS.No.B.C.15/08.91 .001/2004-05 |
| 9 | DBS.ARS.No.BC.08/ 08.92.001/2006-07 | June 6, 2007 | Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07 | June 25, 2013 | DBS.ARS.No.BC.08/08.92. 001/2012-13 |
| 10 | DBS.ARS.BC.No.3/08.92 .001/2007-08 | July 25, 2007 | Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the Year 2006-07 | June 25, 2013 | DBS.ARS.No.BC.08/08.92. 001/2012-13 |
| 11 | DBS.ARS.BC. No.07/ 08.92.001/2007-08 | Decembe r 20, 2007 | Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the Year 2006-07 | June 25, 2013 | DBS.ARS.No.BC.08/08.92. 001/2012-13 |
| 12 | DBS.ARS.BC.No.09/ 08.92.001/2009-10 | Decembe r 31, 2009 | Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07 | June 25, 2013 | DBS.ARS.No.BC.08/08.92. 001/2012-13 |
| 13 | DBS.CO.ARS.BC.8/ 08.91.001/2014-15 | June 4, 2015 | Submission of Long Form Audit Report (LFAR) by Concurrent Auditors | January 7, 2021 | Norms on eligibility, empanelment and appointment of Statutory Branch Auditors in Public Sector Banks from the year 2020-21 and onwards |
| 14 | DBS.CO.ARS.No.BC.2/ 08.91.021/2015-16 | July 15, 2015 | Concurrent Audit System in Commercial Banks – Revision of RBI’s Guidelines | September 18, 2019 | DBS.CO.ARS.No.BC.01/0 8.91.021/2019-20 |
| 15 | UBD.BPD(PCB).Cir.No.2 2 / 12.05.001/2011-12 | March 1, 2012 | Supervisory Action Framework for Urban Cooperative Banks (UCBs) | November 27, 2014 | DCBR.BPD.(PCB).Cir No.3/12. 05.001/ 2014-15 |
| 16 | UBD.CO.BPD(PCB).Cir. No.20/12.05.001/2012-13 | October 17, 2012 | Supervisory Action Framework (SAF) for Urban Co-operative Banks (UCBs) | November 27, 2014 | DCBR.BPD.(PCB).Cir No.3/12.05.001/ 2014-15 |
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