Legislation

This Act aligns central banking in Solomon Islands with international best practices. It repeals the Central Bank of Solomon Islands Act (Cap 49) while maintaining the Central Bank's continuity, and updates its duties and powers under the new legislation.

Central Bank of Solomon Islands (Amended) Act 2023

An Act to regulate the operation of credit unions in Solomon Islands and to provide for other matters connected therewith or incidental thereto

The Exchange Control Act empowers the making of regulations to confer powers, and impose duties and restrictions in relation to foreigh exchange, currency or public credit. 

This Act provides for the regulation of the business of banking; and for the licensing, regulation and supervision of financial institutions carrying on banking businesses in Solomon Islands and for purposes connected therewith; and to repeal the Banking Act 1976.

The Insurance Act regulates Solomon Islands' insurance industry. It establishes a Controller of Insurance, requires insurers, brokers, and agents to register, and protects policyholders' rights.

This Act is to promote sound public financial management, including through the administration of the Consolidated Fund and other public resources, according to budgeted priorities, monitoring and reporting, and to ensure Government accountability. 

This is money laundering and proceeds of Crime Act 2002