SIBANC Operating Hours Regulation (NAP)

Banco Central de S. T. P.	N A P <br> PERMANENT APPLICATION REGULATION	CÓDIGO
		EO 99
PROPOSER(S)	ENTRY INTO FORCE	DATE OF ISSUE

Subject: Operating Hours of SIBANC

Considering the gradual improvement of the payment system serving the banking sector; Considering the implementation of ATM and POS machines within the Automated Payment System of the Dobra24 network; Recognizing the need to establish regulations regarding the operating hours of SIBANC; Exercising the powers conferred by paragraph K) of section 2, Article 8 of its Organic Law; The Board of Directors of the Central Bank of São Tomé and Príncipe determines:

Article 1.
Recipients
This regulation applies to all financial institutions supervised by the Central Bank that operate in the Automated Payment System of the Dobra24 network.

Article 2.
Subject Matter
This NAP specifies the operating hours, as well as the business days for electronic clearing operations in SIBANC.

Article 3.
Operating Hours

1. SIBANC is open every day except Saturdays, Sundays, and national holidays.

Endorsed	Revocation Data:

Banco Central de S. T. P.	N A P <br> PERMANENT APPLICATION REGULATION	CÓDIGO
		EO 99
PROPOSER(S)	ENTRY INTO FORCE	DATE OF ISSUE

2. The system operating hours are from 8:00 to 17:00.
3. In case of need, the operating hours may be subject to amendments.

Article 4.
Entry into Force
This Permanent Application Norm enters into force on the date of its publication.

Central Bank of São Tomé and Príncipe, October 13, 2011.

Endorsed	Revocation Data: