Regulatory Alerts2003-01-15
Regulation (NAP) - Bank and Branch Numerator
The Central Bank of São Tomé and Príncipe issued this Permanent Application Standard to establish a unified coding system for domestic banking institutions and branches, aligning with the existing NIB structure. It mandates that all operating banks be classified under a specific institutional and branch coding framework, with the Central Bank retaining authority to classify new entities. Financial institutions are granted a maximum implementation period of three months from the effective date of January 15, 2003.
CODE PS 99 Central Bank of S. T. P. NAP PERMANENT APPLICATION STANDARD NO. DOC Branch Location Headquarters Institution Code Branch Code 0001 0001 0004 Ribque EFFECTIVE DATE 15.01.03 15.01.03 Reviewed FL 1/2 PROPOSER(S) DI SUBJECT: BANK AND BRANCH NUMERATOR
Given the necessity to create a coding system for banking institutions operating in the Country, following the NIB structure adopted in NAP No. 07 of December 31, 2002, the Central Bank of São Tomé and Príncipe, exercising its competence attributed by Law No. 8/92, determines:
ARTICLE 1 Banking institutions are subject to the following classification: a) Central Bank of São Tomé and Príncipe b) International Bank of São Tomé and Príncipe
0002 0003 0001 Branch Code Location of the branch Headquarters Market Prince Institution Code
0002 Revocation Data :
NAP CODE PERMANENT APPLICATION STANDARD PS 99 EFFECTIVE DATE NO. DOC 15.01.03 15.01.03 FL 2/2 Central Bank of S. T. P.
PROPOSER(S) DI ARTICLE 2 It shall be the responsibility of the Central Bank of São Tomé and Príncipe to classify new Banks or branches in accordance with NAP No. 07 of December 31, 2002.
ARTICLE 3 Banks have a maximum period of 3 months from this date to implement the present NAP.
Central Bank of São Tomé and Príncipe, January 15, 2003. Reviewed Revocation Data :