Regulatory Alerts2017-01-23
Regulation (NAP) - Supervision Fee for the Year 2016
The Central Bank of São Tomé and Príncipe establishes the 2016 supervision fee for authorized insurance companies, fixing it at 11,719,125.00 Dobras each for SAAR São Tomé and Príncipe and Nicon Seguros based on the December 31, 2016 exchange rate. The regulation mandates that these amounts be deposited into the designated BCSTP account by February 20, 2017. This standard applies to all authorized insurance companies operating within the national territory and enters into force immediately upon publication.
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