Cooperation with other authorities

(1) The Central Bank may cooperate with– (a) a public authority engaged in the regulation and supervision of financial institutions; (b) an entity directly or indirectly involved in payment services and their operation in Belize; (c) an entity directly or indirectly involved in the regulation, monitoring and supervision of capital markets in Belize; and (d) a monetary authority or international organisation dealing with regulation and oversight of a system. (2) The Central Bank may for the purpose of cooperating with an entity or authority referred to in sub-section (1) enter into a memorandum of understanding with that entity or authority. (3) Sub-section (2) does not prohibit the Central Bank from cooperating with an authority or entity referred to in sub-section (1) in the absence of a memorandum of understanding with that authority or entity.