PUBLIC ADVISORY: Treasury Bill Amendment Rules

02 Jun 2020

P U B L I C  A D V I S O R Y

Treasury Bill (Amendment) Rules 2020
Statutory Instrument (SI) No. 70 of 2020

The Central Bank of Belize informs the public of the commencement of the Treasury Bill (Amendment) Rules 2020, SI No. 70 of 2020. Effective 4 May 2020, the legal title of Government of Belize securities will be issued in electronic form and evidenced only by an electronic book entry in the Central Securities Depository (CSD) of the Central Bank.

Accordingly, legal evidence of title, whether issued before or after the effective date, will be acquired, evidenced, and transferred by electronic book entry in the CSD only. Physical certificates will no longer be issued.

Holders of Government securities (Treasury bills and Treasury notes) are required to surrender all physical certificates to the Central Bank within one month from the date of this advisory or when requesting approval and registration of a transfer, whichever comes first.

All Government securities holders will be sent notification letters, along with a copy of the SI and their statement of securities holdings in the CSD.

Printed statements of investment holdings in the CSD may be accessed by submitting a written request to the Central Bank via email at InvestmentsWeb@centralbank.org.bz or by sending a letter to:

                    Assistant Manager
                    Investment & Reserve Management Unit
                    Central Bank of Belize
                    Gabourel Lane
                    Belize City


The Treasury Bill (Amendment) Rules 2020, SI No. 70 of 2020 can also be viewed on the Central Bank of Belize's website at https://www.centralbank.org.bz/laws-regulations/treasury-bill-act.