Bank Supervision circulars sit in a different register from an MPC statement. They tell licensed institutions what to file, how to measure, or which practice must change. The primary shelf is the CBK Bank Supervision page. This brief does not reprint a circular number or a ratio. Official text lives with the Bank.
Four fields before the paraphrase
Annotate the document, then write the sentence:
- Addressee. Commercial banks, mortgage finance, microfinance banks, or a narrower set. If the circular says “all institutions,” keep that phrase.
- Instrument. Circular, guidance note, prudential guideline, or a letter. Do not upgrade guidance into a rule in the headline.
- Effective date. Immediate, a future date, or “from the next reporting period.” A missing date is a blank, not an inference.
- Obligation verb. “Shall,” “should,” “are encouraged to,” and “for information” are not interchangeable.
Those four fields are facts about the document. Connecting them to a listed bank’s next results pack is analysis only after you have the issuer’s own filing.
What a circular is not
It is not an MPC rate decision. It is not a CMA enforcement notice. It is not a licence revocation unless the Bank says so in those words. Secondary reports that collapse “new reporting line” into “crackdown” are colour. Leave them out of the file.
How this desk files it
A complete note has: the Bank URL, the circular’s own date, the four fields, and a one-line list of what the circular does not say. If a later circular amends the first, the amendment gets its own as-of stamp. We do not silently overwrite.