RegAlert
2016-12-16

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Official Holidays Applicable to Financial Institutions for the Year 2017

The Central Bank of Timor-Leste establishes the official national holidays and commemorative dates applicable to financial institutions for the year 2017. The resolution lists 17 specific dates, including New Year's Day, Good Friday, Independence Day, and Eid celebrations, while granting the Governor the discretion to permit closures on additional government-designated tolerance days. Financial institutions are required to observe these dates as official holidays.

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BANCO CENTRAL DE TIMOR-LESTE

RESOLUÇÃO DO CONSELHO DE ADMINISTRAÇÃO
N.º 45/2016

ABOUT OFFICIAL HOLIDAYS APPLICABLE TO FINANCIAL INSTITUTIONS IN THE YEAR 2017

In accordance with the provisions of Article 5(j) and Article 45(w) of Law No. 5/2011, of June 15 (Organic Law of the Central Bank) and Article 3 of Instruction No. 1/2005, the Board of Directors of the Central Bank of Timor-Leste resolves:

Article 1.
National Holidays and Official Commemorative Dates

The National Holidays listed in the annex to this Resolution are applicable to financial institutions.

Article 2.
Tolerance Days

The Central Bank of Timor-Leste may, on a case-by-case basis and through a Decision of the Governor, allow financial institutions to close on dates established by the Government, in accordance with the law, as tolerance days.

Approved on December 16, 2016

Abraão de Vasconselos
Governor

Board of Directors Resolution No. 45/2016

Annex to Resolution No. 45/2016

In compliance with Law No. 3 / 2016 of May 25 (First Amendment to Law No. 10/2005 of August 10 regarding National Holidays and Official Commemorative Dates) and with Instruction No. 1/2005 on Holidays Applicable to Financial Institutions, the Central Bank of Timor-Leste determines the following holiday dates for the year 2017 applicable to financial institutions:

No.DateDayDescription
01January 1SundayNew Year's Day
02March 3FridayVeterans' Day
03April 14FridayGood Friday
04May 1MondayLabour Day
05May 20SaturdayIndependence Restoration Day
06June 15ThursdayCorpus Christi
07June 25*SundayEid al-Fitr Celebration
08August 30WednesdayPopular Consultation Day
09September 1*FridayEid al-Adha Celebration
10November 1WednesdayAll Saints' Day
11November 2ThursdayAll Souls' Day
12November 12SundayNational Youth Day
13November 28TuesdayIndependence Proclamation Day
14December 7ThursdayMemory Day
15December 8FridayOur Lady of the Immaculate Conception and Patroness of Timor-Leste Day
16December 25MondayChristmas Day
17December 31SundayNational Heroes Day

*To be confirmed

Board of Directors Resolution No. 45/2016

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Law No. 10 dated 2005-08-10Law No. 10 dated 2005-08-10Official Holidays Applicableto Financial Institutions for…2016-12-16 · this documentOfficial Holidays Applicable to Financial Institutions for the Year 2017 (2016-12-16)
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Source: Banco Central de Timor-Leste — 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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