Regulatory Alerts2024-12-12
Regulation on Accreditation of Special Administrators and Liquidators 2024
The National Bank of Rwanda issued Regulation No. 83/2024 to establish the accreditation framework and operational modalities for special administrators and liquidators overseeing regulated financial institutions. The regulation mandates that applicants, whether individuals or legal entities, submit written applications detailing valid licenses, relevant experience of at least five years, clean criminal records, and compliance with professional body standards. It further outlines the granting, suspension, and revocation of accreditation, alongside annual reviews, conflict of interest rules, mandatory professional indemnity insurance, and remuneration structures for appointed practitioners.
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