Region

Jurisdiction

Regulator

2018-03-29

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.

Seychelles

Central Bank of Seychelles

[19th March 2018] Supplement to Official Gazette 53

S.I. 17 of 2018

FINANCIAL INSTITUTIONS ACT

(Cap 79)

Financial Institutions (Bank Charges and Fees) (Amendment) (No. 2) Regulations, 2018

In exercise of the powers conferred by section 69(c) of the Financial Institutions Act, the Central Bank of Seychelles makes the following Regulations—

1. These Regulations may be cited as the Financial Institutions (Bank Charges and Fees) (Amendment) (No. 2) Regulations, 2018.

2. The Financial Institutions (Bank Charges and Fees) Regulations are hereby amended as follows—

(a) in regulation 4 (3)—

(i) by inserting in paragraph (a) after the words “savings account holder” the words “or a loan account holder”;

(ii) by repealing in paragraph (b) the words “saving account” and substituting therefor the words “savings account or a loan account”.

MADE this 16th day of March, 2018.

CAROLINE ABEL GOVERNOR CENTRAL BANK OF SEYCHELLES


	Citation
	Amendment of S.I. 11 of 2013 as last amended by S.I. 12 of 2018