Regulatory Alerts2012-11-21
Delegation of powers and duties (Foreign Exchange Act) Order, 2009
The Minister of Finance has delegated the powers and duties conferred on the Minister under the Foreign Exchange Act to the Governor of the Central Bank of Seychelles. This order transfers all ministerial authorities except those explicitly reserved in sections 14 and 15 of the Act. Issued on 12 August 2009, the directive formally empowers the central bank governor to exercise these transferred functions under the legal framework of Act 11 of 2009.
[17th August 2009] Supplement to Official Gazette 651 S.I. 64 OF 2009 FOREIGN EXCHANGE ACT .2009 (Act 11 of 2009) Delegation of powers and duties (Foreign Exchange Act) Order, 2009 In exercise of the powers conferred by section 14 of the Foreign Exchange Act, the Minister of Finance hereby makesthe followingOrder1. This Order may be cited as the Delegationof powers andduties(ForeignExchangeAct)Order,2009. 2. Theexerciseofthe powersanddutiesconferredon the Ministerunderthe ForeignExchangeActwiththeexceptionto the powers conferred by section 14 and 15, are hereby delegatedto the Governor of the Central Bank of Seychelles establishedundersection 3 of the CentralBankof Seychelles Act. MADEthis 12thday ofAugust, 2009. DANNY FAURE MINISTER OF FINANCE Citation Delegation of powers and duties Act 12 of2004 as last amended by Act 12 of 2009
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