National Reserve Bank of Tonga Act

Act 1988

Issued by National Reserve Bank of Tonga

Plain-English summary

Founding statute of the central bank (Cap. 16.12, Act 48 of 1988, as in the 2020 Revised Edition). Section 43A makes the Bank exclusively responsible for the regulation, licensing, registration and oversight of payment, clearing and securities settlement systems, and the NRBT cites it as the base for its draft payment systems legislation.

Who it applies to

Banking

Topics

Prudential & Capital

Official source

Latest news

RBI extends supervisory directions for Industrial Co-operative Bank Ltd. 3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
RBI finalizes Basel III market risk capital requirements for banks 26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment 26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…