Vanuatu
7 regulators · 7 laws & regulations · 13 obligations · 1 enforcement action
| Obligation | Timing | Regulator | Arises from | Source | Detail |
|---|---|---|---|---|---|
| Payments & Fintech | |||||
| Licence to provide payment services or issue e-money | Before providing payment services | RBV | — | source | |
Section 10(1) bars payment services and system operation without a Reserve Bank licence. Section 36 requires e-money to carry no credit, be issued against vatu or highly liquid assets and be redeemable at par, and says funds received for e-money are not deposits. |
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| Obtain Reserve Bank approval to outsource payment functions or appoint agents | Deadline Before outsourcing or appointing an agent | RBV | — | source | |
Section 23 requires written Reserve Bank approval for outsourcing by a payment service provider, and s 24 requires Reserve Bank approval for agents, which are entered in a public register. |
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| No obligations match these filters. | |||||