Legal Framework

The Deposit Insurance Corporation (DIC) was established by the Central Bank and Financial Institutions (Non-Banking) (Amendment) Act, 1986 which amended the Central Bank Act Chapter 79:02.

The enabling legislation that guides the operation of the DIC are: -

• Section VB of the Central Bank and Financial Institutions (Non-Banking) (Amendment) Act – 1986 (PDF)
• Central Bank and Financial Institutions (Non-Banking) (Amendment) Act – 1986
• Bye-Laws or Legal Notices

  The Central Bank (Deposit Insurance) Bye-Laws, 1986 - Legal Notice No. 210
  
  The Central Bank (Deposit Insurance) Order, 1986 - Legal Notice No. 211
  
  The Central Bank (Deposit Insurance) Order, 1987 - Legal Notice No. 207
  
  The Central Bank (Deposit Insurance) Order, 2007 – Legal Notice No. 237
  
  The Central Bank (Deposit Insurance) Order, 2012 – Legal Notice No. 10
  
  The Central Bank (Deposit Insurance) (Amendment) Bye-Laws, 1988 - Legal Notice No. 124

• Financial Institutions Act, 2008