Regulatory Alerts2012-02-16
Regulation (NAP) - Regulation on the Supervision and Assessment of the Payment System
The Central Bank of São Tomé and Príncipe issues this Permanent Application Standard to establish the supervisory framework for its Payment System, mandating continuous and event-driven oversight of payment instruments, subsystems, and operators. It requires credit institutions to report non-compliance with fundamental retail payment principles and defines clear identification methodologies for high-impact and significant-class incidents. Non-compliance triggers sanctions under existing supervisory laws, while the Central Bank retains authority to resolve interpretive questions and publish periodic development reports.
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