Regulatory Alerts2017-02-10
Domestic Banks and Financial Institutions (Amendment) Act, 2017
The Belize House of Representatives and Senate enacted this amendment to the Domestic Banks and Financial Institutions Act, No. 11 of 2012, to extend the jurisdiction of the Domestic Banks and Financial Institutions Appeal Board. The legislation modifies section 128(1) to allow appeals referred under any other enactment, not just the principal Act. Additionally, section 129 is amended to include decisions made under Part 7 of the National Payment System Act within the scope of matters appealable to the Board.
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