Supervision Policies

Prudential Supervision Policy Statement (PSPS)

• PSPS 1 – Minimum Requirements for Corporate Governance of Licensed Entities(PSPS 1 is applicable to the Banks, Credit Institutions, Insurance Companies and  selected Capital Markets entities)

Banking Supervision Policy Statement (BSPS)

• BSPS 1 – Capital Adequacy Requirements for Licensed Financial Institutions
  • • 2010 – Revision  to minimum capital adequacy requirements
• BSPS 2 – Large Credit Exposures
• BSPS 3 – Guideline for Loan Classification and Provisioning for Impaired Assets
• BSPS 4 – Minimum Requirements for the Management of Foreign Exchange Risk for Licensed Commercial Banks
• BSPS 5A – Disclosure Requirements for Banks
• BSPS 5B – Disclosure Requirements for Credit Institutions
• BSPS 6 – Minimum Requirements for Licensed Financial Institutions for the Management of Money Laundering and Terrorist Financing Risk
• BSPS 7 – Minimum Requirements for the Conduct of External Audits of Licensed Financial Institutions in Fiji
• BSPS 8A – Accountability and Disclosure Guidelines on Interest Rates, Fees and Charges for Licensed Banks in Fiji
• BSPS 8B – Accountability and Disclosure Guidelines on Interest Rates, Fees and Charges for Licensed Credit Institutions in Fiji
• BSPS 9A – Liquidity Risk Management Requirements for Banks
• BSPS 9B – Liquidity Risk Management Requirements for Credit Institutions
• BSPS 10 – Fit and Proper Requirements for Licensed Financial Institutions in Fiji
• BSPS 11 – Minimum Requirements on Corporate Governance for Licensed Financial Institutions (Replaced by PSPS 1)
• BSPS 12 – Minimum Guidelines on the Establishment of a Local Advisory Board
• BSPS 13 – Policy Guideline on Complaints Management
• BSPS 14 – Minimum Requirements for Commercial Banks on Internal Microfinance Divisions and Units
• BSPS 15 – Minimum Requirements for Appointing Heads of Licensed Financial Institutions in Fiji
• BSPS 16 – Minimum Requirements for the Management of Operational Risk for Licensed Financial Institutions in Fiji
• BSPS 17 – Interest Spread Disclosure Requirements for Banks (Repealed with bank data disclosed)
• BSPS 18 – Agent Banking Guideline
• BSPS 19 – Minimum Requirements for the Management of Market Risk for Licensed Financial Institutions

Insurance Supervision Policy Statement (ISPS)

• ISPS 1 – Role of External Auditors in the Supervision of Licensed Insurance Companies
• ISPS 2 – Offshore Placement of Insurance Business
• Insurance Brokers Guideline No. 1: Offshore Placement Approval Guideline
• ISPS 3A – Solvency Requirements for Insurers Licensed to Conduct Life Insurance Business in Fiji
• ISPS 3B – Solvency Requirements for Insurers Licensed to Conduct General Insurance Business in Fiji
• ISPS 4 – Guidelines on Corporate Governance for Insurance Companies Licensed to Conduct Insurance Business in Fiji  (Replaced by PSPS 1)
• ISPS 5 – Asset Investment Management Policy for Insurance Companies Licensed to Conduct Insurance Business in Fiji
• ISPS 6 – Reinsurance Management Strategy for Insurance Companies Licensed to Conduct Insurance Business in Fiji
• ISPS 7 – Fit and Proper Requirements for Insurance Companies and Insurance Brokers in Fiji
• ISPS 8 – Minimum Requirements for Risk Management Frameworks of Licensed Insurers in Fiji
• ISPS 9 – Policy Guideline on Complaints Management
• ISPS 10 – The Role of Insurance Actuaries in Fiji
• ISPS  11 – Disclosure Requirements for Licensed Insurers in Fiji
• ISPS 12 – Minimum Requirements for the Appointment and Supervision of Insurance Agents in Fiji
• ISPS 13 – Minimum Requirements for the Management of Money Laundering and Terrorist Financing Risk

Capital Markets Supervision Policy Statement (CMSPS)

• CMSPS 1 – Role of External Auditors in the Supervision of Licensed Persons
• CMSPS 2 – Minimum Requirements for Continuing Professional Education
• CMSPS 3 – Minimum Guidelines on Complaints Management
• CMSPS 4 – Minimum Requirements for Capital Raising through issue of Debt Securities (please refer to the Capital Raising Requirements)
• CMSPS 5 – Minimum Requirements for Capital Raising through issue of Equity Securities (please refer to the Capital Raising Requirements)
• CMSPS 6 – Fit & Proper requirements for Licensed Intermediaries and Issuers
• CMSPS 7 – Policy on the Preparation of Managed Investment Schemes Prospectus
• CMSPS 8 – Trustee Requirements for Managed Investment Schemes
• CMSPS 9 – Asset Investment Management Policy for Managed Investment Schemes
• CMSPS 10 – Code of Conduct for Prevention of Insider Trading

Fiji National Provident Fund

• FNPF Supervision Policy 1 – Corporate Governance
• FNPF Supervision Policy 2 – Asset Investment 

Payment System

• Payment System Policy Statement 1 – Rules for the Banks’ Clearinghouse

Restricted Foreign Exchange Dealers and Money Changers Supervision Policy Statement (RFEDMC SPS)

• RFEDMC SPS 1 – Types of Businesses Permitted for Restricted Foreign Exchange Dealers
• RFEDMC SPS 2 – Operational Guidelines
• RFEDMC SPS 3 – Minimum Guidelines on Complaints Management
• RFEDMC SPS 4 – Minimum Requirements for the Management of Money Laundering and Terrorist Financing Risk