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Consultation Documents and Links to Comment

Public Consultation on The Draft Payment Systems and Services Bill and Accompanying Regulations

The Central Bank of Trinidad and Tobago (Central Bank) is advancing a comprehensive reform of the National Payment System, and invites industry participants and other interested stakeholders to provide comments on the Draft Payment Systems and Services Bill (PSS Bill) and its accompanying Regulations, which are being issued for public consultation. This initiative forms part of the Bank’s commitment to ensuring financial stability, operational reliability, and systemic resilience.

As a key component of this reform, the Central Bank has developed a comprehensive payment system and services legislation, following the publication of the Policy Proposal Document for the Payment System Bill (“PPD”) in 2021.

The Draft PSS Bill proposes a modern, comprehensive and risk-based legislative framework and seeks to strengthen the legal foundation for the National Payments System, taking into account emerging business models and evolving risks within the payments landscape. The legislation, though technology-agnostic, addresses the regulation and supervision of payment service providers (PSPs) and the oversight of Payment systems, and the risks posed by rapidly advancing technologies that are rapidly changing the payment landscape.

The Central Bank considers stakeholder engagement a critical component in developing sound and effective legislation and welcomes constructive feedback from industry participants and other interested stakeholders. The following presentation provides an overview of the proposals for legislative reform of the Payment Systems and Services sector:

Who Should Comment on the Payments Legislation?

The legislation is relevant to all stakeholders in the payment ecosystem, i.e.

Payment service providers
E-money issuers
Payment system operators
Merchants
Technology service providers
Fintechs
Commercial banks
Insurance companies
Other Financial institutions
Third-party application providers (TPAPs)
Payment processors
Businesses
Consumers
International regulatory bodies
Government agencies

A Brief Presentation On The Legislative Reform

What Is the Consultation Period?

Opening date: 16 March 2026

Closing date: 20 June 2026

2026/06/20 12:00:00

How Can I Participate?

Written Submissions

Stakeholders will be granted access to a secure web-based consultation portal through which written comments and submissions may be provided.

Public Consultation Sessions

The Central Bank will also host two (2) in-person public consultation sessions in Trinidad and Tobago. These sessions will include:

a presentation on the key elements of the Draft PSS Bill and Regulations; and
a question‑and‑answer segment to facilitate further engagement and clarification.

Details regarding dates and logistical arrangements will be communicated in due course.

Consultation Documents

Documents

The Draft Payments System and Services Bill (“the Bill”), along with its three accompanying Regulations, the Revised PPD and the Stakeholders matrix can be downloaded as follows:

Links to Comment

1. Draft Payment Systems and Services Bill

Kindly provide comments on the Bill via the Opinio template survey links below.
Please note that due to the length of the Payments Systems and Services Bill, there are individual survey templates for each of the eleven parts of the Bill for your completion.

Click this link to access Part I

Click this link to access Part II

Click this link to access Part III

Click this link to access Part IV

Click here to access Part V

Click here to access Part VI

Click here to access Part VII

Click here to access Part VIII

Click here to access Part IX

Click here to access Part X

Click here to access Part XI

2. Regulations

Please provide comments on the Regulations via the Opinio survey links below:

Step By Step Instructions on Providing Comments

Download the documents on your computer or mobile device.
Review the documents and, in particular, the sections related to the Part or Regulation for comment.
Comments must be submitted through the respective Opinio survey links above.
Click the relevant link in the Opinio survey related to the Part or Regulation for comment.
Input your comments related to the relevant section or clause in the Part or Regulation that you wish to provide comments on.
At the end of each survey, select ‘Submit’ to submit your responses and move on to the other Part or Regulation.
Respondents may save and return to a survey at a later time during the consultation period.
An email address must be provided to receive a personal link to resume the saved survey.

Next Steps

Following the close of the consultation period, the Central Bank will review all submissions received and consider appropriate refinements to the Draft PSS Bill and Regulations. Stakeholder feedback will play an important role in ensuring that the final legislative framework is robust, proportionate and responsive to the needs of the payments sector, while remaining aligned with international standards and best practices.

Queries

For any questions regarding the consultation process or the use of the Opinio templates, please contact: paymentssecretariat@central-bank.org.tt

Thank you for your comments and cooperation!