Regulatory Alerts2024-03-01
Law No. 118/AN/15/7th Legislature on the Creation, Regulation, and Supervision of the National Payment System
The National Assembly of Djibouti enacted Law No. 118/AN/15/7th Legislature to establish a comprehensive regulatory framework for the National Payment System under the supervision of the Central Bank of Djibouti. The legislation defines key payment terms, mandates licensing for payment service providers, and grants the Central Bank broad powers to regulate, supervise, and intervene in payment systems to mitigate risks. It further outlines the operational roles of the Central Bank, establishes the National Payment Systems Council, and sets forth specific surveillance measures and system rules to ensure financial stability.
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