← belizelaw.ai · Domestic Banks And Financial, Cap. 263 · PART VII — Transactions with Related Parties

Limitations by Central Bank

Cap. 263, s. 71 · Revised Edition 2020

Notwithstanding that a transaction with a related party is permitted under section 68 or section 69, or section 70, if the Central Bank is of the opinion that a transaction relating to the business and financial relationship between a licensee and a related party of such licensee may be detrimental to the interest of depositors or customers of the licensee, it may, after discussions with the licensee, by written order, impose such limitations or restrictions on any such transaction as the Central Bank may consider necessary to protect the interests of such depositors or customers.
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Limitations by Central Bank — Cap. 263 s. 71 · Belize Law