Regulatory Alerts2015-02-05 | cba-blob-8598State Ordinance on the Supervision of the Credit System (SOSCS)
The Central Bank of Aruba promulgates this State Ordinance to establish comprehensive authorization and supervisory frameworks for credit institutions and electronic money institutions operating in Aruba. The legislation mandates strict governance standards, minimum own funds, and targeted solvency and liquidity directives to ensure systemic financial stability. It further empowers the Bank to grant or withdraw licenses, enforce structural restrictions, and conduct consolidated oversight through binding administrative directives.
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