Public Notice: Direction on Transparency in Setting of Fees and Charges
Published: Wednesday October 2nd, 2024
Public Notice
Direction on Transparency in Setting of Fees and Charges
The Central Bank of The Bahamas (“the Central Bank”) wishes to advise that it is issuing a Direction to Supervised Financial Institutions (“SFIs”) for enhanced transparency in the setting of fees and charges. Please note this interim direction is a precursor to the Central Bank’s proposal to develop new regulations in 2025 governing fees charged by SFIs. This Direction, which takes immediate effect, applies to domestic banks, credit unions, money transmission business and payment services institutions.
To access the Direction, please visit the Central Bank’s website at https://www.centralbankbahamas.com via the following path: Core Functions → Bank Supervision Department → Notes and Notices → General Notices.
Comments or queries on this Direction should be addressed to:
Policy Unit
Bank Supervision Department
Central Bank of The Bahamas
