Regulatory Alerts2020-07-07
Central Bank of Seychelles Directive on Sharing Information Regarding Gainful Occupation Permit Applications and Renewals
The Central Bank of Seychelles requires all commercial banks to report correspondence with the Ministry of Employment, Immigration and Civil Status regarding Gainful Occupation Permit applications and renewals for expatriate workers. This reporting obligation ensures the regulator monitors operational challenges and regulatory developments affecting financial institutions amid the ongoing Covid-19 pandemic. Banks must submit the requested information to the microprudential department via email at microprudential@cbs.sc for continued compliance and coordination.
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