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MFD Circular No. 2 (amending MFB prudential regulations on cash reserve & liquidity)
(enacted in 2009)
The MFD Circular No. 2 of 2009, issued by the State Bank of Pakistan, amends the following prudential regulations from Prudential Regulations for Microfinance Banks (2007):
- Regulation 10 (maximum loan size and disclosure of basic terms & conditions of financial products);
- Regulation 11 (maximum exposure of a borrower from MFBs/MFIs/banks/other financial institutions;
- Regulation 12 (loan classification and provisioning requirements); and
- Regulation 30 (definition of poor person).