Regulatory Alerts2010-03-21
Investment of Capital – 11.03.2010
The Central Bank of Seychelles issued this directive to all licensed banks, repealing previously restrictive regulations that prescribed how paid-up capital and reserve funds must be invested. Consequently, Circular BS 24 from December 1985 is formally declared no longer applicable, granting institutions greater flexibility in capital deployment. The directive includes copies of both the repealed regulations and the superseded circular to guide compliance under the updated framework.
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