(BCB) is scheduled next week to approve the updating of the bank's bye-laws.

The expected short meeting is to ratify a decision taken by the shareholders at the annual general meeting a month ago.

The Bermuda banking fraternity has, much like other publicly-held companies, been seeking to ensure that they are in compliance with regulations required under the Bermuda Stock Exchange (BSX) listing rules.

The bank's bye-laws have not been updated since the 1980s and may not have been in complete compliance with legislation passed since that time, including changes to legislation under the Companies Act 1981. Bank secretary Susan Barclay has published a public notice of the planned special general meeting, scheduled for the Adam Lounge at the Princess Hotel on Monday January 5 at 2.30 p.m.

The bank's bye-laws have essentially been completely rewritten to update the language and bring them in line with BSX regulations.