Notice - Consultation Paper on Proposed Bank Fee Regulations (2026-08-07)

Summary

The BMA has published a Consultation Paper proposing new regulations that would enhance disclosure, oversight and regulation of fees banks charge customers. This is a precursor to Ministerial Regulations (The Banks and Deposit Companies Fee Regulations 2026) to be made by the Minister of Finance under section 60 of the Banks and Deposit Companies Act 1999.

• Purpose: Seeks stakeholder input on proposed rules governing disclosure and oversight of bank customer fees ahead of formal regulations.
• Who should respond: Banks, deposit companies and other interested stakeholders are invited to comment.
• How to respond: Comments and feedback should be emailed to policy@bma.bm.

This is a consultation notice only; it does not itself impose binding regulatory requirements but signals upcoming Ministerial Regulations that will affect bank fee practices.

Key obligations

• Stakeholders wishing to comment on the Consultation Paper must submit their views to policy@bma.bm no later than close of business 22 September 2026.

Applies to

banks, deposit companies

Deadlines

• 22 September 2026: Deadline for stakeholders to submit comments and feedback on the Consultation Paper on Proposed Bank Fee Regulations