Regulatory Alerts2023-01-01
Financial Stability Act 2023
The President and National Assembly of Seychelles enacted this legislation to establish the Financial Stability Committee, which oversees and promotes a stable national financial system. Chaired by the Central Bank Governor and comprising key regulators, the body is mandated to monitor systemic risks, develop stability policies, issue formal recommendations to member institutions, and coordinate crisis management. The Act further codifies the Committee's operational procedures, funding mechanisms, confidentiality obligations, and annual reporting requirements to ensure transparent financial oversight.
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