Excluded Moneylenders Directive Notice

The Reserve Bank is hereby issuing a directive that the following activities are excluded from conducting moneylending business under the Moneylenders Act 2018:

  1. Any Body corporate, incorporated or empowered by an Act to lend in accordance with that Act;
  2. A Financial Institution (Banks) licensed under the Financial Institutions Act;
  3. Microfinance Institutions licensed under the Microfinance Institutions Act;
  4. Retirement Funds;
  5. Credit Unions;
  6. Cooperative Societies;
  7. Credit Institutions; and
  8. Any person who –
    1. lends money solely to employees as a benefit of employment;
    2. lends money solely to -
      1. corporations;
      2. limited liability partnerships;
      3. trustees for the purposes of business trusts;
  9. Other entities as established by the Reserve Bank through directives.

Enquiries

Financial Institutions Department
National Reserve Bank of Tonga
Fasi mo e Afi
NUKU'ALOFA

Telephone: (676) 24057
Fax: (676) 24201

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Resources

Press Release in English
pdfIcon 111 KB - Download a copy of the full press release.

Press Release in Tongan
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