2000-03-21

COBAC Regulation R-93/09 on Credit Institution Status Modifications

The Central African Banking Commission mandates that credit institutions obtain prior authorization or submit timely declarations for legal status modifications, capital participation threshold crossings, and management or auditor terminations. It requires annual financial disclosures from major shareholders and controlling entities to ensure transparency, while extending specific reporting obligations to foreign branches operating within the Central African Zone. Non-compliance with these authorization, declaration, and reporting deadlines subjects institutions to administrative penalties and disciplinary sanctions under the relevant 1990 and 1992 Conventions.

Cameroon

Banque des Etats de l'Afrique Centrale

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