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Banking Code Compliance Committee: Operating Procedures Updated

7 July 2021

The Banking Code Compliance Committee has published an updated version of its Operating Procedures.

The Operating Procedures have been updated to:

  • clarify the steps the BCCC will undertake when imposing a sanction to name a bank and the sequence in which these steps will be undertaken
  • explain the BCCC’s role and involvement in the corrective actions and customer remediation a bank undertakes as a result of its non-compliance with the Code, and
  • include additional procedures to meet the requirements set out in clause 13 of the Charter.

Find out more about the BCCC

Download the new Operating Procedures here:

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