Electronic Payment of Licensing, Registration and Application Fees

November 24, 2020
CIRCULAR LETTER TO:
Payment Service Providers
Payment System Operators
Bill Payment Service Providers
Prospective E-Money Issuers REF: CB-OIFI-2383/2020 ELECTRONIC PAYMENT OF LICENSING, REGISTRATION AND APPLICATION FEES In light of the recently approved E-Money Issuer Order, 2020 and the establishment of the Regulatory Innovation Hub, the Central Bank wishes to advise all Payment Service Providers, Payment System Operators and Prospective E-Money Issuers that effective November 24, 2020 the electronic submission of licensing, registration and application fees will be accepted. In this regard, entities would be required to submit the following information to PSregistration@central-bank.org.tt:

1. An accompanying letter relative to the application, licensing or registration fee, which
   must be legibly scanned in 'portrait' layout. The letter should outline the details of the payment, the date of the payment, and the Payer.
2. Evidence of the electronic payment must also be legibly scanned and submitted.
   Physical documents are still required to be submitted to the Central Bank, but can be couriered within two (2) weeks of the submission of the electronic documents.
3. Entities may pay the requisite fees via electronic payments in accordance with the
   following instructions:
   Bank Account Number at the Central Bank to be Credited 01-55440-000-00-00-00 Details of Payment Company Name/Individual Name etc. Central Bank's Routing Number 010100110 Central Bank's Swift Code CBTTTTPS (use for RTGS payments) The Central Bank reserves the right to vary from the above procedure on a case by case basis as the circumstances may warrant. …./2 Cen t r al Ban k o f Tri n i d ad an d To bag o Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-CBTT (2288), 235-CBTT (2288); Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt

CIRCULAR LETTER TO: -2- November 24, 2020
Payment Service Providers
Payment System Operators
Bill Payment Service Providers
Prospective E-Money Issuers
Please email any queries on the above procedure to PSregistration@central￾bank.org.tt Please be guided accordingly. Yours sincerely Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS