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

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