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.
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Consultation Paper - Money Service Business Framework - 18 December 2015
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Money Service Business Act 2016 - 18 December 2015
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Money Service Business Exemption Order 2016 - 18 December 2015
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Summary of Comments Form - Discussion Paper - Money Service Business, Payment Services and Foreign Exchange Services - 6 May 2014
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Discussion Paper - Money Service Business, Payment Services and Foreign Exchange Services - 30 April 2014
