ECCB Given Audience with Cabinet to Discuss Legislation

Source: SKNVibes

The Prime Minister of St. Kitts and Nevis, Hon. Dr. Terrance Drew extended an invitation to representatives from the Eastern Caribbean Central Bank (ECCB) to attend Cabinet today to discuss the legislative agenda for the Eastern Caribbean Currency Union (ECCU) which remain outstanding in Saint Christopher (Saint Kitts) and Nevis to date.

The legislative agenda included:

• Enactment of Eastern Caribbean Central Bank Agreement (Amendment) Bill

• Enactment of Banking (Amendment) Bill

• Issuance of Banking (Licences) Regulations

• Issuance of Banking (Abandoned Property) Regulations

• Gazetting of Payment System (Eastern Caribbean Automated Clearing House System) (Amendment) Rules, 2021

• Decision on transfer of AML/CFT regulation for entities licensed under the Banking Act to ECCB and Enactment of Amendment to AML/CFT legislation after completion of 2020 Mutual Evaluation.

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