Regulatory Alerts2000-03-21
COBAC Regulation R-93/02 on Net Own Funds of Credit Institutions
The Central African Banking Commission issued Regulation R-93/02 to define the composition and calculation of net own funds for credit institutions under its supervision. The regulation mandates that basic own funds comprise specified capital, reserves, and provisions minus defined deductions, while assimilated resources must meet strict subordination, maturity, and certification requirements. It requires institutions to report their own funds composition using a standardized model, subjects specific inclusions to the Secretary General’s approval, and sets a July 1993 effective date for compliance.
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