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)
- PSPS 2 – Minimum Requirements for the Management of Cybersecurity Risk by Supervised Entities (PSPS 2 is applicable to Commercial Banks, Credit Institutions, Insurance Companies, Insurance Brokers, Securities Exchange, Management Companies of Managed Investment Schemes, Stock Brokers, Fiji National Provident Fund, Fiji Development Bank, and Restricted Foreign Exchange Dealers)
- PSPS 3 – Minimum Requirements for the Management of Culture and Conduct Risk for Supervised Entities (Effective 01 April 2024)
Banking Supervision Policy Statement (BSPS)
- BSPS 1 – Capital Adequacy Requirements for Licensed Financial Institutions
- 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
-
- Revised Liquidity Risk Management Requirements for Banks (Effective 01 Oct. 2023)
-
- BSPS 9B – Liquidity Risk Management Requirements for Credit Institutions
-
- Revised Liquidity Risk Management Requirements for Credit Institutions (Effective 01 Oct. 2023)
-
- 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 – Minimum Requirements for the Role of Insurance Actuaries
- 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
- CMSPS 11 – Minimum Requirements for Risk Management Framework of Licensed Capital Markets Intermediaries in Fiji
Fiji National Provident Fund
- FNPF Supervision Policy 1 – Corporate Governance (Repealed from 01 September 2022, replaced by SSPS 1)
- FNPF Supervision Policy 2 – Asset Investment
Superannuation Supervision Policy Statement (SSPS)
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