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040923
STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT
BPD Circular Letter No. 34
September 23, 2004
The Chief Executives,
All Banks / DFIs.
Dear Sirs/Madam,
ASSESSING THE FITNESS AND PROPRIETY OF KEY EXECUTIVES
Please refer to para 1, items (a) to (g) of BPD
Circular No. 11 dated April 5, 2003 on the captioned subject.
2. In this connection, it has now been decided to also include Head of
Information Technology in the list of key executives having functional
responsibility to whom “Fit & Proper Test” shall apply. Accordingly, the revised
list of said key executives would be as follows: -
a) Chief Financial Officer/Head of Finance/Head of Accounts
b) Head of Internal Audit
c) Country Treasurer
d) Head of Credit/Risk Management
e) Head of Operations
f) Head of Compliance
g) Head of Human Resources
h) Head of Information Technology
3. The Prudential Regulation G-1 (E) also stands amended accordingly. All other
instructions on the subject shall, however, remain unchanged.
Please acknowledge receipt.
Yours faithfully,
Sd/-
(Muhammad Ashraf Khan)
Senior Joint Director
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