CENTRAL BANK OF SEYCHELLES ACT, 2004

(Act 12 of 2004)

PART XII - BUDGET AND ACCOUNTING

45. (1) The budget of the Bank for each financial year shall be determined by the Board before the 15th day of December of the previous year.

(2) The Board shall cause to be kept the accounts of the Bank in conformity at all times with the applicable law, if any, or international standards and best practices.

(3) The Bank shall, as soon as may be accomplished after the end of every month, make up a periodic financial statement of the condition of the Bank as at the close of business on the last business day of such month and publish the same in the Gazette.

(4) The Bank shall, as soon as may be accomplished after the end of each financial year and within the time limit referred to in section 46(3), make up the annual accounts.