Notice to Circular 114-3 to money transfer houses
Summary: Notice to Circular 114-3 to money transfer houses of the Bank of the Republic of Haiti — an instrument published alongside circular 114-3 to money transfer houses, not the circular itself. Circulars are the operative prudential rules for supervised institutions, covering matters such as capital and liquidity requirements, credit-risk and governance standards, reserve requirements and foreign-exchange rules.
Key Findings
- The notice postpones the entry into force of Circular 114-3 on international funds transfers without counterpart to 3 October 2022, from an earlier date.
- The postponement is stated to follow consultation with stakeholders, so the delay is a negotiated one and the notice says so rather than presenting it as a technical adjustment.
- It is dated 2 September 2022 and signed by the Deputy Governor, one month before the new date takes effect.
- The same date recurs in the corpus: the additional note to Circular 114-3, issued on 3 October 2022, immediately suspended two of the circular's obligations for three months. Read together, the circular took effect on the day part of it was put on hold.
How to cite
Bank of the Republic of Haiti (BRH), 2022, Notice to Circular 114-3 to money transfer houses, https://www.brh.ht/wp-content/uploads/AVIS-Circulaire-114-3.pdf