Regulatory Alerts2012-11-21
Financial Institutions (Capital Adequacy) Regulations 2010
The Central Bank of Seychelles issued these regulations to establish capital adequacy standards for all licensed domestic and offshore banks, applied individually and on a consolidated basis. Licensed institutions must maintain unimpaired paid-up capital of at least 20 million Seychelles Rupees or two million United States dollars for offshore operations, alongside a 12 percent capital adequacy ratio and a 6 percent core capital ratio. Banks are restricted from distributing capital unless these thresholds are met and must submit monthly reports detailing tiered capital calculations, risk-adjusted asset valuations, and applicable credit-conversion factors within fifteen days of each month-end.
Share