Regulatory Alerts2026-03-05
Credit Union Act 2025
The Parliament of the Republic of Fiji enacted the Credit Union Act 2025 to repeal the 1954 Act and regulate credit union business under the supervision of the Reserve Bank of Fiji. The legislation establishes comprehensive licensing and registration requirements, mandating that entities obtain authorization based on membership size, economic viability, and adherence to standard by-laws. It further defines governance structures, operational powers, prudential standards, and enforcement mechanisms including controllership and liquidation procedures to ensure a sound financial system.
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