OBJETIVES The Constitution of Honduras in Article 342 and the Law of the Central Bank of Honduras (Decree 53) establish the obligation to ensure the maintenance of the internal and external value of the national currency and facilitate the good functioning of the payment system. To this purpose, the Bank’s Board, will formulate, develop and […]

Forms License Application Form (PDF) Personal Questionnaire Form (PDF) Laws Financial System Law (PDF) Law against the Financing of Terrorism (PDF) Law of values (PDF) Decrees Amnesty Tax Decree No.260-2011 Decree 51-2011 Law for the promotion and protection of investments Decree 205-2010 Reform Article 7 of Decree 17-2010 Decree No. 224-2010 Transitional Wage Measures Decree […]

Honduras uses a crawling peg exchange rate that allows the Lempira to fluctuate by seven percent against the U.S. dollar in either direction (Resolution No. 284-7/2011). The peg is subject to the further restriction that any daily price be no greater than 100.075 percent of the average for the prior seven daily auctions. This secondary […]

The framework for regulating the financial sector in Honduras consists of legislation (largely the Financial Services Law) and the facility under AMLO/FIU for a system of agreed prudential standards. Whilst FSA expects the licensed financial institutions to self-regulate themselves to a large extent, a key role of supervision is to monitor the application of the agreed […]

All regulated entities are required to be licensed and it is an offence to carry on operations under the respective legislation without a licence. The FSA has statutory powers of investigation and, where it has reasonable grounds to suspect that an individual or company is conducting relevant business without the appropriate licence, will take enforcement […]

Making a Complaint to a Licensed Business Persons with complaints about the products and/or services of licensed businesses should first contact these businesses to discuss their compliant and provide the businesses with an opportunity to rectify the matter. While making a complaint, keep written records of all information sent to and received from the licensed […]

The Financial Services Commission Act, 2014 provides that a director with any direct or indirect personal, professional, business or pecuniary interest in matters for consideration by the FSA’s Board must on every occasion the matter comes before the Commission, to as soon as reasonably practicable, provide a written declaration of interest for approval by the […]

The Commissioner is the chief executive officer of the Commission and, subject to the general direction of the Board. The Commissioner is responsible for— administering and operating the Commission; discharging the Commission’s functions and exercising its powers; appointing, managing and supervising the Commission’s employees; and discharging functions and exercising powers assigned to or conferred by […]

The Board is the governing body of the Commission. The principal functions of the Board are to establish, monitor and oversee implementation of the Commission’s policy; monitor and oversee the management of the Commission ensuring that the Commission’s resources are economically and efficiently utilized; adequate internal financial and management controls are in place; the Commission […]

Board of Directors The Commission’s Board consists of the Commissioner (acting as an ex officio director) and between two and five other persons appointed by the Governor, after consultation with the Financial Secretary and Commissioner. Board Appointment The Governor must ensure that persons appointed to the Board are fit and proper; and are knowledgeable, experienced […]