Regulatory Alerts2018-03-29
Financial Institutions (Bank Charges and Fees) (Amendment No. 2) Regulations, 2018
The Central Bank of Seychelles has issued the Financial Institutions (Bank Charges and Fees) (Amendment No. 2) Regulations, 2018 to update fee disclosure requirements for banking customers. These regulations amend regulation 4(3) by explicitly extending existing provisions to loan account holders and replacing the term "saving account" with "savings account or a loan account". Enacted under section 69(c) of the Financial Institutions Act, the amendments ensure consistent application of bank charges across both primary account categories.
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