Regulatory Alerts2017-03-16
Eligible Collateral Under the Credit Classification and Provisioning Regulations 2010
The Central Bank of Seychelles updated the Credit Classification and Provisioning Regulations 2010 to define eligible collateral as 50% of the net realisable value of approved tangible securities. The directive explicitly recognizes land and buildings, motor vehicles, and sea vessels as qualifying assets, while mandating prior regulatory approval for other collateral types. Institutions must revalue these assets at least triennially or upon significant market shifts to ensure ongoing compliance.
Share