RegAlert

Rule · CBS · 21 Mar 2010

Investment of Capital – 11.03.2010

capital

The Central Bank of Seychelles issued this directive to all licensed banks, repealing previously restrictive regulations that prescribed how paid-up capital and reserve funds must be invested. Consequently, Circular BS 24 from December 1985 is formally declared no longer applicable, granting institutions greater flexibility in capital deployment. The directive includes copies of both the repealed regulations and the superseded circular to guide compliance under the updated framework.

SeychellesCentral Bank of Seychelles

CENTRAL BANK OF SEYCHELLES
P. O. Box 701, Victoria, Seychelles
Telephone: [+248] 282 000
Fax: [+248] 323 665
E-mail: enquiries@cbs.sc
Ref: FSSIBK/CF/13
Date: March 11th,2010
TO ALL BANKS
Investment of Capital
The manner for investment of a bank's paid up capital and reserve funds had in the past been prescribed by the Central Bank. In December 2008, the relevant Regulations were repealed as they were viewed as being too restrictive. A copy of the Regulations is enclosed for ease of reference. Consequently, Central Bank wishes to advise that Circular BS 24 on Minimum Required Capital and Investment of Capital Funds dated December 30th 1985 (also attached) is no longer applicable. J.M. Morel (Ms) ~ Deputy Governor Enc.

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Circular BS 24 on Minimum RequiredCapital and Investment of Capital…Not in RegAlertCircular BS 24 on Minimum Required Capital and Investment of Capital Funds dated December 30th 1985 — Not in RegAlertInvestment of Capital –11.03.20102010-03-21 · this documentInvestment of Capital – 11.03.2010 (2010-03-21)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Supersedes
  • Circular BS 24 on Minimum Required Capital and Investment of Capital Funds dated December 30th 1985Not in RegAlert

    “Circular BS 24 on Minimum Required Capital and Investment of Capital Funds dated December 30th 1985 (also attached) is no longer applicable.”

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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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