Regulatory Alerts2015-01-01
The Banking Services (Hours of Opening) Regulations, 2015
The Supervisory Committee issued these regulations under the Banking Services Act to establish minimum operating hours for deposit taking institutions in Jamaica. The rules mandate that institutions provide at least 25.5 hours of weekly public service and remain closed on Public General Holidays, with specific exemptions for airport branches. The Committee retains the authority to vary opening hours via immediate notice, while protecting institutions from liability for payment failures occurring during legally mandated closures.
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