Commencement: 1 January 2003

republic of vanuatu

reserve bank (amendment) act
no. 17 of 2002

Arrangement of Sections

1.	Amendments
2.	Commencement

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Assent		31 December 2002
Commencement	1 January 2003

republic of vanuatu

reserve bank (amendment) Act
no. 17 of 2002

An Act to amend the Reserve Bank of Vanuatu Act [CAP 125].

Be it enacted by the President and Parliament as follows-

1	Amendments

The Reserve Bank of Vanuatu Act [CAP 125] is amended as set out in the Schedule.

2	Commencement

This Act commences on 1 January 2003.

schedule

amendments of the reserve bank act [cap 125]

1.	At the end of section 3

Add

“; and

(f)	to regulate and supervise domestic and international (offshore) banks.”

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republic of vanuatu 

bill for the reserve bank (amendment)
act No 17 of 2002

Explanatory Note

This Bill amends the Reserve Bank of Vanuatu Act [CAP 125] to provide for the Bank to regulate and supervise domestic and international (offshore) banks.

Minister of Finance and Economic Management