Legislation, Guidelines and Letters

Legislation
The legislative framework for the supervision of financial institutions is comprised of the following Acts:


Financial Institutions Act, 2008 (Commercial Banks and licensed non-bank Financial Institutions)

The Financial Institutions Act Order, 2011

The Payment of Supervisory Fees and Charges Regulations, 2011

Financial Institutions (Prudential Criteria) Regulations 1994

See the Handbook of Procedures for a guide to interpreting the Regulations.

The Central Bank Act Chap 79:02

Central Bank (Amendment) Act, 2009
Central Bank (Amendment) Act No. 18 of 2011

 
Guidelines for the Banking Sector

Draft Outsourcing Guidelines for Financial Institutions
Approval of New or Materially Different Banking Products or Services
Residential Real Estate Mortgage Market Guideline
Instructions for Group Asset Data re: Cost Recovery
Consolidated Prudential Reporting Guideline
Guidelines for the Reporting of Large Credit Exposures
Guideline for the Measurement, Monitoring and Control of Impaired Assets
Bankers' Acceptances
Corporate Governance  
Fit and Proper
Prudent Person Approach to Investment and Lending
Security Systems for Safeguarding Customer Information
Market Risk Instruction Manual
Licensing of Financial Institutions


Circular Letters Banking Sector

Circular Letters Issue Date
2017  

"Fit and Proper" Section 33(1) and (2), Section 21(8)(B) and The Second Schedule of the Financial Institutions Act, 2008

PQD Supplement-Banks

Jan 20, 2017
2016  

Survey on Impediments to Non-Performing Loan (NPL) Resolution

Click here to download Survey on Impediments to NPL Resolution

Nov 7, 2016
Schedule of Fees and Charges (CB-50) Oct 3, 2016
Correspondent Banking Relationships
Questionnaire on the Status and Developments of Withdrawal of Correspondent Banking
Sept 21, 2016
Recovery of Supervisory Costs-Request for Asset information Aug 12, 2016

Schedule of Fees & Charges (CB-50)

CB-50 Return Schedule of Fees & Charges

Jun 30, 2016
Schedule of Fees and Charges Jan 15, 2016
"Fit and Proper" Section 33(1) and (2), Section 21(8)(B) and The Second Schedule of the Financial Institutions Act, 2008 Jan 12, 2016
2015  
Draft Guideline for Outsourcing Activities Comments Deadline Extension Nov 05, 2015
Draft Guideline for Outsourcing Activities Oct 05, 2015
Establishment of Representative Offices by Licensed Domestic Institutions Sept 25, 2015

Recovery of Supervisory Costs - Request for Asset Information

http://www.central-bank.org.tt/sites/default/files/Instructions for Group Asset Data Cost Recovery.pdf

Jul 30, 2015

De-Risking of Business Relationships with Clients or Categories of Clients
Appendix VIII-Enhanced Due Diligence Measures for private Members Clubs (PMCs) and Money Value Transfer Services (MVTS) Providers

Jul 10, 2015
"Fit and Proper" Section 33(1) and (2), Section21(8)(b) and Second Schedule of the Financial Institutions Act, 2008 Jan 14, 2015
2014  
Public Statements and Declarations of Conflict of Interest Sep 12, 2014
Recovery of Supervisory Costs-Request for Asset information Aug 20, 2014
"Fit and Proper" and Second Schedule of the FIA, 2008 Jan 9, 2014
2013  
Deputy Inspectors of Financial Institutions at the Central Bank Oct 17, 2013
Recovery of Supervisory Costs - Request for Asset Information Aug 14, 2013
Timeliness of Annual Submissions Jul 5, 2013
FATF Advisory on Jurisdictions with Strategic AML/CFT Deficiencies Apr 30, 2013
Compliance with Section 75(4) of FIA , 2008, Quarterly Shareholding Report Apr 30, 2013
Representative Offices Feb 01, 2013
Fit and Proper Jan 14 2013
2012  
Schedule of Fees and Charges Nov 30, 2012
Information from the U.S. Department of the Treasury Office of Foreign Assets Control Aug 9, 2012
Foreign Account Tax Compliance Act (FATCA) Aug 3, 2012
Reporting of General Reserves or Provisions for Losses on Assets July 27, 2012
FISD Service Standards July 19, 2012

Recovery of Supervisory Costs - Request for Asset Information

Worksheet - Group Asset Data

July 19. 2012
Guideline for the Notification of New or Materially Different Banking Products May 14, 2012
Regulatory Reporting Requirements Banks and Non Banks March 7, 2012
Reminder - Payment of Supervisory Fees and Charges Jan 24, 2012
Notice re Central Bank Guidelines Jan 23, 2012
U.S. Legislation on Dealing with the Central Bank of Iran Jan 23, 2012
2011  
Fit and Proper Secs 33(1) and (2) and 21 8(b) and Second Schedule of FIA 2008 Dec 29, 2011
Payment of Supervisory Fees and Charges Regulations 2011 Nov 10, 2011
Revised Guideline on AML/CTF November 1, 2011 Nov 1, 2011
Market Risk Reporting Oct 27, 2011
The Financial Institutions Order 2011 Sept 27, 2011
All Financial Institutions re: Supervisory Fees and Charges Sept 13, 2011
Annual Submission of External Auditors' Management Letters May 17, 2011
Fitness and Propriety of Directors and Officers May 10, 2011
AML External Audit Report Apr 15, 2011
Draft AML/CFT Guideline Apr 15, 2011
All Financial Institutions Schedule of Fees and Charges Apr 6, 2011
Draft Guideline for New or Amended Insurance and Banking Products Mar 21, 2011
All Banks and NFIs Fit and Proper (28 January 2011) Jan 28, 2011
2010  
Section 37 (1) of the Financial Institutions Act, 2008 Sept 27, 2010
Application for a Director’s or Officer’s Permit in Accordance with Section 33(3) of the FIA, 2008 Sept 14, 2010
Request for Group Asset Information re: Cost Recovery Aug 23, 2010
Cost Recovery Framework Apr 30, 2010
Consolidated Prudential Reporting- February 2010 Feb 5, 2010
2009  
Notification of Guidelines for reporting credit exposures Nov 4, 2009
Pro Rating of Annual Fees Jun 12, 2009
Clarification of the Definition of “Officer” re: Section 2 of the FIA 2008 (issued June 4, 2009) Jun 4, 2009
2007 and 2006  
Issue of Guideline for the Measurement, Monitoring and Control of Impaired Assets Aug 23, 2007
Issue of Guideline on Corporate Governance May 8, 2006
1998  
Prescribed liabilities Apr 9, 1998