Regulatory Alerts2012-11-27
Financial Institutions (Bank Licence Fees) (Amendment) Regulations 2012
The Central Bank of Seychelles issued these regulations to amend the Financial Institutions (Bank Licence Fees) Regulations, 2010 by removing offshore banking licence classifications. Specifically, the amendments repeal references to offshore licences in Regulations 3 and 4 and delete the corresponding $2,000 fee allocation from Schedule 1. Enacted on June 15, 2012, the regulations take effect immediately to streamline licensing categories and update fee structures for financial institutions.
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