Regulatory Alerts2024-02-12
National Payment System Regulations, 2024
The Central Bank of Belize issued the National Payment System Regulations, 2024 to establish a comprehensive licensing and oversight framework for payment service providers and system operators. The regulations define specific licence classifications, outline rigorous application and authorization procedures, and mandate ongoing prudential conditions including capital requirements and outsourcing controls. Additionally, the document sets detailed standards for electronic funds transfers, remittance services, and the operation of central securities depositories to ensure financial stability and consumer protection.
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