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Banking Regulation Updates in South Georgia and South Sandwich Islands

In a bid to strengthen financial stability, the Government of South Georgia & the South Sandwich Islands has announced several updates to its banking regulations. The changes aim to ensure that local banks operate in line with international best practices.

Amateur Radio Licensing Policy

The government has finalized and approved a policy for issuing amateur radio licenses using the Wireless Telegraphy Ordinance Cap 78, following a period of consultation. This move is expected to promote the use of amateur radio services in the territory.

Marine Biosecurity Project

South Georgia & the South Sandwich Islands has joined forces with other UK Overseas Territories to protect their marine ecosystems. The government has established a marine biosecurity project with the South Atlantic Environmental Research Institute (SAERI) to prevent the spread of invasive species.

Heavy Fuel Oil Ban

In another development, the government has prohibited the use and carriage of heavy fuel oil through its maritime zone by 2020, as part of efforts to reduce pollution and protect the environment.

Amateur Radio Licensing Framework Review

The territory has also been working to strengthen its amateur radio licensing framework. A review of responses to a consultation period revealed that South Georgia & the South Sandwich Islands (and the British Antarctic Territory) was not covered by the provisions of the Falkland Island Communications Regulator, prompting the need for revalidation.

New Definitive Stamps

Furthermore, the government has released a new set of definitive stamps, featuring iconic images and stories of restoration and hope. The stamps represent an important part of the territory’s identity and cultural heritage.

Marine Protection Zone

In other news, South Georgia & the South Sandwich Islands congratulated Tristan da Cunha on the establishment of its new marine protection zone, joining a growing list of UK Overseas Territories committed to protecting their waters.

“From the Air” Stamp Set

The government has also released a new stamp set, “From the Air”, which gives a unique perspective on the territory’s stunning landscapes and wildlife.