Regulatory Alerts2019-01-01
Financial Institutions (Payment of Expenses for Examinations) Regulations, 2019
The Governor of the Central Bank of Lesotho issued these 2019 regulations to establish a structured framework for supervisory fees and examination costs payable by banks. Banks must pay an annual supervision fee calculated at 0.001 percent of their average total assets, due annually by March 31 via direct debit or approved methods. The framework imposes a 10 percent late payment surcharge with escalating 5 percent penalties, alongside an additional 5 percent charge for banks rated as problematic under the CAMELS system.
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