2020-07-07

Central Bank of Seychelles Directive on Sharing Information Regarding Gainful Occupation Permit Applications and Renewals

The Central Bank of Seychelles mandates all Bureaux de Change to report correspondence with the Ministry of Employment, Immigration and Civil Status concerning Gainful Occupation Permit applications and renewals for expatriate workers. This requirement enables the regulator to track operational developments and compliance challenges faced by financial institutions during the COVID-19 pandemic. BDCs must forward the relevant details to microprudential@cbs.sc in strict adherence to this directive.

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CENTRAL BANK OF SEYCHELLES P. O. Box 701, Victoria, Seychelles Telephone: [+248] 428 20 00 Ref: FSD/GEN/1 Fax: [+248] 432 36 65 FSD/COVID19/2020 E-mail: enquiries@cbs.sc Date: July 03, 2020 To all Bureaux de Change (BDCs) Sharing of Information in Respect of Gainful Occupation Permit (GOP) application for Expatriate Workers Reference is made to the above. In light of pronouncements made by the Ministry of Employment, Immigration and Civil Status in respect of GOP renewals and/or application for expatriate workers, the Central Bank of Seychelles (CBS) hereby requires all BDCs to share details to CBS of any correspondences with the aforementioned Ministry on the matter. This is such that CBS remains abreast of developments and any issues that financial institutions are faced with in light of the Covid19 pandemic. Information requested should be submitted to microprudential@cbs.sc CBS trusts in your co-operation for adherence to the above. Yours sincerely, C. Abel (Ms) Governor