Revised Laws of Saint Lucia (2021)

34.   Prudential guidelines

The Central Bank may issue to operator and system participants prudential guidelines as may be necessary for administering the provisions of this Act, and without limiting the generality of the foregoing, may issue guidelines respecting—

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    (a)     policies, practices and procedures for evaluating financial soundness of operators and participants;

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    (b)     policies, procedures and systems for identifying, monitoring and controlling country risk, institutional risk, market risk, liquidity risk, operational risk and such other risks as the Central Bank shall specify;

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    (c)     liquidity requirements;

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    (d)     corporate governance;

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    (e)     auditors;

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    (f)     disclosure; and

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    (g)     anti-money laundering and combating the financing of terrorism matters.