Regulatory Alerts2025-02-04
Circular 127 on Procedures for Applying for Authorization
The Central Bank of Haiti issued Circular 127 to establish the mandatory procedures, documentation standards, and approval criteria for financial institutions and exchange intermediaries seeking regulatory authorization. The directive requires applicants to submit comprehensive files detailing project viability, corporate governance, internal controls, and shareholder integrity, while also regulating ancillary activities, leasing operations, and authorization scope extensions. It mandates a maximum twelve-month review period for applications, requires prior notification for related activities, and officially entered into force on January 13, 2022.
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