Electronic Bank Realization Certificate implementation extended to permit banks a transition period before mandatory adoption. Banks are required to issue and transmit e-BRC in electronic form as the standard mechanism for Bank Realization Certificates; however, a temporary extension allows banks to continue issuing physical BRCs during a defined transition period to facilitate readiness and smooth adoption of the electronic system.
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Electronic Bank Realization Certificate implementation extended to permit banks a transition period before mandatory adoption.
Banks are required to issue and transmit e-BRC in electronic form as the standard mechanism for Bank Realization Certificates; however, a temporary extension allows banks to continue issuing physical BRCs during a defined transition period to facilitate readiness and smooth adoption of the electronic system.
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