The Central Bank is seeking to enhance the regulatory framework for Banks, and cater for banking institutions that carry on restricted Licensed Financial Activities.

The Restricted Licence Banks Regulation (the Regulation) sets out the specific regulatory requirements, which apply to Restricted Licence Banks only.

Apart from the specific regulatory requirements contained in this Regulation, the requirements of all other Regulations, Standards, Guidelines and regulatory instructions issued by the Central Bank, which include All Banks within their scope of application, remain fully applicable and enforceable for Restricted Licence Banks.

Banks licensed under this Regulation, which carry on activities, which are supervised by another regulator, must ensure that the applicable license/s are obtained from the relevant regulator/s to conduct such activities.

This Regulation is issued pursuant to the powers vested to the Central Bank under the Central Bank Law.