Regulatory Alerts2013-01-01
Regulatory Texts 2013: Extension of Financial Regulations and Institutional Approvals
The Central Bank of the Comores issued Instruction No. 04/2013/DSBR/BCC to extend the validity of existing financial regulatory texts and minimum capital requirements until June 30, 2014 or until new regulations are implemented. The Bank authorized the Meck Iconi to join the Union des Mecks as an affiliated decentralized financial institution under Circular Letter No. 002/2013/DSBR. Additionally, Circular Letter No. 004/2013/COB granted MCTV permission to open a new money transfer and exchange agency at the Moroni-Hahaya International Airport.
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