Regulatory Alerts2008-01-01
The Financial Institutions Act (2008)
The Parliament of Trinidad and Tobago enacted this Act to regulate banks and other financial institutions engaging in banking or financial business. It establishes a comprehensive licensing framework, defines prudential criteria, and mandates strict oversight by the Central Bank of Trinidad and Tobago. The legislation also outlines governance requirements for directors, restrictions on credit exposures, and procedures for inspection, winding-up, and appeals.
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