CBN Circulars & Publications | |
CBN Circulars & Publications | |
5915 VIEWS | |
![]() |
Tuesday, March 05, 2019 06.07PM / By CBN
Please recall that the Central Bank of Nigeria reviewed the Nigerian Cheque Standards (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS), to increase the efficiency and security of the Nigerian Clearing System. In this regard, the Bank issued a circular dated September 18, 2018 stipulating the implementation timelines, amongst other components of the revised NCS/NICPAS 2.0 document.
The Bank observed the need to give more time to the operators to meet the requirements of the | new NCS/NICPAS 2.0, test the necessary changes and sensitize the relevant stakeholders. This is to ensure a hitch-free take-off of the revised Guidelines.
In view of this, it has become imperative for the Bank to amend the implementation timelines of the revised NCS/NICPAS 2.0 as follows:
Consequently, all DMBs that wish to personalize their cheques should note that their MICR application would also need to be reviewed along this line, to ensure a seamless personalization, in accordance with the NCS/NICPAS 2.0,
Download
Full PDF Circular Here
Related News
1. Statement On The
Implementation Phases Of Margin Requirements For Non-Centrally Cleared
Derivatives
2. Additional Data
Fields For Industry Customer Account Database Submission To NIBSS Plc
3. SEC Introduces
Changes To Filing Of Consent Letters and Executed Offer Document
4. EU and Global
Securities Regulators Welcome Agreement on Data Transfer
5. IOSCO Members
Report Having Mostly Implemented Secondary Market Principles
6. Anti-Money
Laundering And Combating The Financing Of Terrorism Policy and Procedure Manual
7. Emerging Market
Regulators Consult On Recommendations Related To Sustainable Finance
8. CPMI-IOSCO
Assessment Concludes That Switzerland Has Generally Implemented The PFMI
9. CBN Releases
Revised 2018 Exposure Draft For The “Regulation On End-To-End Electronic
Payment”
10. Nigeria Plans
Tougher Bank Capital Rules as Bad Debts Weigh
11. CBN Publishes
Banknote Fitness Guidelines
12. SEC, NIPC
Collaborate to Attract Investors
13. IOSCO Statement
On Disclosure Of ESG Matters By Issuers
14. IOSCO Issues
Good Practices To Assist Audit Committees In Supporting Audit Quality
15. CBN Deploys
Consumer Complaints Management System Effective Jan 02, 2019
16. SEC Nigeria
Tasks Shareholders on Monitoring Their Investments
17. SEC Nigeria Will
Not Prosecute Multiple Account Holders - Mary Uduk ,Acting DG
18. Redesigning
Europe’s Financial Landscape
19. Gov. Emefiele
Outlines Policy Thrust for 2019; Woos Foreign Investors