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MONEY SERVICE BUSINESS

The Bermuda Monetary Authority (Authority or BMA) supervises Money Service Businesses (MSB) with the objective of ensuring the financial system remains stable and supports the economy through well run financial institutions and sound financial markets. 

The Authority publishes consultation papers to: a) indicate to industry what the Authority is proposing to implement; b) obtain feedback from industry on the proposals; and c) explain the outcomes the Authority is seeking. Once the consultation process is finalised, and relevant comments have been reviewed, the Authority may issue a notice to respond to the consultation comments. Such consultation supports the Authority’s objective of ensuring that proposed regulatory changes are effective and consistent with international standards.

 


  • Consultation Paper - Money Service Business Framework - 12/18/2015
  • Money Service Business Act 2016 - 12/18/2015
  • Money Service Business Exemption Order 2016 - 12/18/2015
  • Summary of Comments Form - Discussion Paper - Money Service Business, Payment Services and Foreign Exchange Services - 05/06/2014
  • Discussion Paper - Money Service Business, Payment Services and Foreign Exchange Services - 04/30/2014
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