Regulatory Alerts2010-01-21
Banking Days and Hours
The Central Bank of Seychelles mandates all local financial institutions to formally report their standard operating days and hours, including any subsequent modifications. Each bank must publicly disseminate these schedules through daily newspaper publications and conspicuous office postings. Institutions seeking to operate on public or bank holidays must secure prior regulatory approval by specifying their exact hours and service types, a requirement that explicitly extends to airport currency exchange bureaus.
(bU .._~ t Sit. Central Bank of Seychelles POBox 701 Victoria, January 8, 1985, To all banks
, 1""" Bankin~s and Hours All banks are requested to advise the Central Bank the days and hours during which banking business is carried on with the general public at their several offices in Seychelles, Any subsequent changes in such banking days and.hours should also be advised to the Central Bank. 2, A schedule of banking days and hours and any subsequent changes therein shoulq be notified by each bank in the daily newspaper for the information of the general public, This information should also be posted conspicuously at all times at the main entrance to the banking office concerned, /" " : 3. Any bank already carrying on banking business on a public holiday or a bank holiday or intending to do so at any time should obtain the approval of the Central Bank as required in Section 51 (3) of the F'inancial Institutions Act, 19840 In seeking such approval, it is requested that information be given regarding the days and hours during which a particular banking office will be open for business and the nature of banking business being transacted or proposed to be transacted, This requirement also applies to the operation of a bureau de change at Seychelles International Airport. / \ ~~ (- (Tin Tun) General Mana8.e't T/lr