RegAlert
2012-11-21

Added · Updated

Foreign Exchange (Authorised Limit for Hotels) Regulations 2010

The Vice-President and Minister of Finance and Trade issued these regulations to amend the Foreign Exchange Act 2009 by establishing a new authorised limit for hotels. The amended provision sets a fixed allowance of €300 per client per day, directly replacing the previous statutory instrument. Enacted under section 15 of the Foreign Exchange Act, these rules took effect on 15 November 2010 to standardize foreign currency transactions for hotel clients.

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Central Bank of Seychelles

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[15th November 2010] Supplement to Official Gazette 215

S.I. 77 of 2010

FOREIGN EXCHANGE ACT

(Act 10 of 2009)

Foreign Exchange (Authorised Limit for Hotels) Regulations, 2010

In exercise of the powers conferred by section 15 of the Foreign Exchange Act, the Vice-President and the Minister of Finance and Trade hereby makes the following Regulations—

  1. These Regulations may be cited as the Foreign Exchange (Authorised Limit for Hotels) Regulations, 2010. Citation

  2. The amount prescribed under section 3(3) of the Foreign Exchange Act, 2009 shall be equivalent to €300 per client per day. Amendment of S.I. 89 of 2009

MADE this 10th day of November, 2010.

DANNY FAURE
VICE-PRESIDENT
AND
MINISTER OF FINANCE AND TRADE

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Lineage: In force

Regulation No. 89 of 2009Regulation No. 89 of 2009Foreign Exchange (AuthorisedLimit for Hotels) Regulations…2012-11-21 · this documentForeign Exchange (Authorised Limit for Hotels) Regulations 2010 (2012-11-21)Foreign Exchange Act 2009 (Cons…2020Foreign Exchange Act 2009 (Consolidated to 30 June 2012) (2020-12-14)
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Source: Central Bank of Seychelles — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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