Regulatory Alerts2017-04-03
Central Bank of Belize (Amendment) Act No. 28 of 2017
The Parliament of Belize enacted this legislation to amend the Central Bank of Belize Act regarding the holding limits of Treasury Notes or securities. The law specifically modifies Section 35(2) of the principal Act to increase the permissible holding limit. This change substitutes the previous restriction of 'twenty times' with a new limit of 'thirty times'.
BELIZE: CENTRAL BANK OF BELIZE (AMENDMENT) ACT, 2017 ARRANGEMENT OF SECTIONS
- Short Title.
- Amendment of Section 35. Central Bank of Belize (Amendment) Act, 2017
No. 28] Central Bank of Belize (Amendment) Act, 2017 287 Short title. AN ACT to amend the Central Bank of Belize Act, Chapter 262 of the Laws of Belize, Revised Edition 2011, to raise the limit of the amount of Treasury Notes or securities that may be held by the Bank at any one time; and to provide for matters connected therewith or incidental thereto. (Gazetted 1st April, 2017.) BE IT ENACTED, by and with the advice and consent of the House of Representatives and Senate of Belize and by the authority of the same, as follows:
- This Act may be cited as the CENTRAL BANK OF BELIZE (AMENDMENT) ACT, 2017, No. 28 of 2017 I assent, (SIR COLVILLE N. YOUNG) Governor-General 31st March, 2017
Printed in Belize by the Government Printer 288 Central Bank of Belize (Amendment) Act, 2017 [No. 28 Amendment of Section 35. and shall be read and construed as one with the Central Bank of Belize Act which, as amended, is hereinafter referred to as the principal Act. 2. Section 35 (2) of the principal Act is amended by deleting the words “twenty times” and substituting therefor the words “thirty times”.