A Laws.Africa project
22 June 2020

Seychelles Government Gazette dated 2020-06-22 number 59

Download PDF (6.1 MB)
Page 1
No. 59                                     XLV                                      No. 59
Published by Authority                                              Monday 22nd June 2020


                            GOVERNMENT NOTICES
  The following Government Notices are published by Order of the President.


No. 424 of2020
                            FINANCIAL INSTITUTION ACT
                                           (Cap 79)
                                          NOTICE

WHEREAS, a notice was published on the 8th June, 2020 by the Central Bank of Seychelles in
exercise of the powers conferred by section 74A (1) of the Financial Institutions Act in view of
the COVID-19 pandemic as a force majeure and applied certain exemptions and modifications
to the Financial Institutions Act.

NOW, THEREFORE, in pursuance of section 74A(2) of the said Act the notice issued under
section 74A(1) is republished in the Gazette for information to the general public as required
under section 74A(2) of the Act. The notice published under section 74A(1) of the Act is
herewith annexed to this notice as Annexure.

                                        ANNEXURE

                          CENTRAL BANK OF SEYCHELLES
                            P. O. Box 701, Victoria, Seychelles

Telephone: [+248] 428 20 00                                  Ref:   FSD/BK/GEN/1
                                                                    FSD/COVID19/2020
Fax:           [+248] 432 36 65
               enquiries@cbs.sc                              Date: June 8,2020

To all Banks

Notice on non-application of, exceptions and modifications to certain provisions of the
Financial Institutions Act 2004, as amended (FIA) and statutory instruments issued
under the FIA

Pursuant to section 74A of the FIA, the Central Bank of Seychelles (CBS) hereby issues this
Notice directing the non-application of, exceptions and modifications to certain provisions of
the FIA and statutory instruments issued under the FIA in light of the Covid-19 pandemic.

Page 2
Download full gazette PDF