Regulatory Alerts2019-10-07
Management and Technical Services Agreement Guidelines
Issued by the Central Bank of The Gambia, these guidelines regulate management and technical services agreements between subsidiary banks and their parent companies. They require all intercompany transactions to operate on an arm’s-length basis at market-competitive rates, mandate detailed cost documentation for pooled services, and restrict unapproved fixed pre-tax profit charges. The framework further standardizes board composition, expatriate staffing limits, and pre-incorporation expense capitalization while enforcing annual regulatory reviews to correct abusive practices.
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