2025-07-31
The Parliament of Belize enacted this Act to amend the Central Bank of Belize Act by formally defining the Director General of the Financial Services Commission within the principal legislation. The legislation mandates that the Director General of the Financial Services Commission be appointed as a member of the Board of Directors of the Central Bank of Belize. This statutory change updates section 11 of the principal Act to include the Director General alongside the Deputy Governor in the composition of the Board.
BELIZE: CENTRAL BANK OF BELIZE (AMENDMENT) ACT, 2025 ARRANGEMENT OF SECTIONS
No. 15] Central Bank of Belize 565 AN ACT to amend the Central Bank of Belize Act, Chapter 262 of the Substantive Laws of Belize, Revised Edition 2020; to provide for the Director General of the Financial Services Commission to be a member of the Board of Directors of the Central Bank of Belize; and to provide for matters connected therewith or incidental thereto. (Gazetted 2nd August, 2025) BE IT ENACTED, by and with the advice and consent of the House of Representatives and Senate of Belize and by the authority of the same, as follows:
and shall be read and construed as one with the Central Bank of Belize Act, which, as amended, is hereinafter referred to as the principal Act. 2. The principal Act is amended in section 2 by inserting the following term and its corresponding definition in its proper alphabetical sequence– ““Director General” means the Director General of the Financial Services Commission appointed under section 7 of the Financial Services Commission Act;”. 3. The principal Act is amended in section 11(1)(a) by inserting after the words “Deputy Governor”, the words “, the Director General”. 566 Central Bank of Belize [No. 15 CAP. 262. 3 of 2021. 5 of 2022. 17 of 2023. Amendment of section 2. Act No. 8 of 2023. Amendment of section 11. Printed in Belize by the Government Printer #1 Power Lane, Belmopan