Directive 5 of 2026 - Withdrawal of previously issued specified directives

For compliance teams at banks and controlling companies, this is largely a housekeeping measure rather than a new prudential obligation. The key action is to reconcile internal compliance registers against the list of cancelled directives, retire superseded policies, and confirm that equivalent requirements are now captured in the prevailing framework. Firms should also brief internal audit and external auditors to avoid continued reliance on withdrawn instruments.

No new capital, liquidity, or reporting requirements are introduced. The directive signals the PA’s ongoing effort to streamline the directive library, which may reduce interpretive overlap and compliance noise over time. Risk is low, but firms that fail to update their control documentation could face supervisory questions if they cite outdated directives.

Implementation complexity is low to medium, depending on the number of directives withdrawn and the extent to which they are embedded in local policies. Compliance leaders should assign ownership for the mapping exercise, document the replacement source for any withdrawn requirement, and retain evidence for supervisory review. There are no immediate deadlines stated, but prompt action is advisable to maintain a clean regulatory inventory.

This is informational for most banks, though legal and compliance functions will need to track the changes. RegCanary view: treat this as a prompt to refresh your regulatory change log and ensure the board receives a concise update on any withdrawn instruments that previously shaped your control environment.