Regulatory Alerts2015-01-01
Financial Institutions Registration Form Annexed to Circular 182/2015 of May 13
The Bank of Cape Verde mandates financial institutions, both domestic and foreign entities with local branches or representation offices, to complete a standardized registration form detailing corporate identity, share capital, governance structure, and authorized operations. The form requires applicants to attach specific supporting documents, including notarial incorporation deeds, commercial registry certificates, tax identification copies, and proof of deposited capital. Submission of this complete dossier formally validates the institution's legal status and operational authorization under Articles 21 and 22 of the Law on Financial Activities and Institutions (LAIF).
Financial Institutions Registration Form Template To the Bank of Cape Verde Department of Financial Institution Supervision Plateau – Praia Subject: Registration of Financial Institutions
(Name of the Financial Institution), hereby, pursuant to Articles 21 and 22 of the Law on Financial Activities and Institutions (LAIF), approved by Law No. 62/VIII/2014 of April 23, requests its registration with the Bank of Cape Verde and, for this purpose, submits the following constituent elements:
I. Financial Institutions with headquarters in Cape Verde:
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Name:
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Abbreviation/Initials:
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Object/Purpose:
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Interbank Code:
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Tax Identification Number (NIF):
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Headquarters Address:
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Postal Code:
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Telephone:
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Fax:
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Email:
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Website:
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Date of Incorporation:
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Authorized by Notice No. / of the Bank of Cape Verde, Published in the Official Gazette, Second Series, No. _____, dated /.
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Date of commencement of activities:
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Subscribed Share Capital:
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Paid-up Share Capital:
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Identification of shareholders holding qualified participation (greater than 2% of share capital) and respective values: – –
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Identification of members of the governing bodies: a) General Assembly Board: – Chairman: – Secretary: b) Board of Directors: – Chairman: – Executive Director: – Executive Director: – Executive Director: – Non-Executive Director: – Non-Executive Director: c) Supervisory Board: – Chairman: – Member: – Member:
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Attorneys-in-fact with management powers: – – –
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Audit Firm or External Auditor:
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Delegation of Management Powers:
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Establishment of: a) Branch __; Location ____________________; Date of establishment //; b) Subsidiary __; Location _________________; Date of establishment //; c) Agency __; Location _______________________; Date of establishment _____.
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Shareholder agreements regarding the exercise of voting rights:
II. Financial Institutions authorized abroad with a branch or representation office in Cape Verde: 24. Headquarters abroad: 25. Nationality: 26. Estimated date of establishment in Cape Verde: 27. Operations the institution may conduct in its home country: 28. Operations the institution intends to conduct in Cape Verde: 29. Capital allocated to operations conducted in Cape Verde: 30. Location of branches and/or representation offices in Cape Verde: 31. Identification of managers of the branches and/or representation offices: – – –
III. In order to substantiate the registration process of the requesting financial institution, the following documents are attached: 32. Notarial certificate of the deed of incorporation, executed on //_____; 33. Certificate from the Commercial Registry Office of ____________________, confirming final registration and enrollment; 34. Copy of the Tax Identification Number (NIF); 35. Copy of the Articles of Association; 36. Copy of the document confirming paid-up share capital deposited in a Bank in Cape Verde; 37. Notarial certificate of the minutes from the General Assembly held on //_, in which the aforementioned governing body members were elected; 38. Other document confirming the above declarations:
Date: //_____
Signature of the responsible person