Regulatory AlertsCircular 123 on Minimum Share Capital Rules
The Bank of the Republic of Haiti issued Circular 123 to establish minimum share capital requirements for various financial institutions, ranging from 15 million to 200 million gourdes depending on the entity type. The regulation mandates that this capital be permanently represented by stable equity minus specific non-value assets and requires quarterly compliance reports to be submitted within fifteen days of each quarter's end. Non-compliance triggers penalties for inaccurate reporting or late submission, while existing institutions were granted a two-year transition period to meet these standards by February 1, 2024.
Share