Regulatory Alerts2025-01-01
Financial Services (Transaction Processing Hub) Revocation Directive 2025
Dr. MacDonald Mafuta Mwale, Registrar of Financial Institutions, issued this directive under the Financial Services Act to formally revoke the 2019 Transaction Processing Hub Directive. The revocation removes outdated regulatory provisions, thereby updating the compliance framework for designated transaction processing entities operating within the jurisdiction. Effective immediately upon publication on 8 August 2025, the directive ensures continuous oversight while streamlining administrative requirements for financial service providers.
504 8th August, 2025
GOVERNMENT NOTICE NO. 78
FINANCIAL SERVICES ACT (CAP. 44:05)
FINANCIAL SERVICES (TRANSACTION PROCESSING HUB) (REVOCATION) DIRECTIVE, 2025
IN EXERCISE of the powers conferred by section 34 of the Financial Services Act, I, DR. MACDONALD MAFUTA MWALE, Registrar of Financial Institutions, issue the following Directive—
Citation 1. This Directive may be cited as Financial Services (Transaction Processing Hub) (Revocation) Directive, 2025.
Revocation 2. The Financial Services (Transaction Processing Hub) Directive, 2019 G.N. 31 of is revoked. 2019
Made this 15th day of July, 2025.
(REF. NO. FIN/PFSPD/03/04)
DR. M. M. MWALE Registrar of Financial Institutions