Regulatory Alerts2025-10-22
Instruction No. 61 on Credit Information Bureaus Regarding Approval and Prior Authorization Conditions
The Central Bank of the Congo issued Instruction No. 61 to establish the mandatory conditions, documentation, and procedural timelines for obtaining regulatory approval and prior authorizations for Credit Information Bureaus (CIBs) and their management. The directive mandates a minimum paid-up capital of USD 500,000, enforces strict governance and ownership transparency rules, and requires prior regulatory clearance for statutory amendments, shareholding changes exceeding 25%, data relocation, and key executive appointments. It further outlines comprehensive AML/CFT compliance obligations, data security standards, and operational continuity requirements to ensure the integrity and stability of the national credit information system.
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