2020-01-01

Reserve Bank of Fiji Accountability and Disclosure Guidelines on Interest Rates, Fees and Charges

The Reserve Bank of Fiji issued revised policy guidelines requiring licensed credit institutions to ensure full transparency and standardization in the disclosure of interest rates, fees, and charges. The regulations mandate pre-contractual disclosure of total costs, periodic statements, and 30-day advance notice for any new or increased fees and interest rate changes. Institutions must submit regular compliance declarations and product lists to the Reserve Bank, with non-compliance subject to sanctions under the Banking Act 1995.

Fiji

Reserve Bank of Fiji

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