Regulatory Alerts2018-01-01
Central Bank of Djibouti Instruction No. 2018-02 on Movable Securities Registration
The Central Bank of Djibouti issued Instruction No. 2018-02 to establish the online registration procedures and management framework for movable securities through its General Registrar. The directive mandates secured creditors or authorized representatives to submit applications via a dedicated digital platform, providing debtor details, collateral descriptions, and required identification documents. It further outlines fee structures (waived for financial institutions in 2018), rules for transferring and terminating securities, and the process for deregistering encumbered assets upon request.
Share