Regulatory Alerts2017-01-01
Conditions and Modalities for the Exercise of Activities of Electronic Money Issuers
The Central Bank of Djibouti issues Instruction No. 2017-01 to establish the licensing requirements, operational conditions, and prudential standards for electronic money issuers and their distribution networks. The regulation mandates a minimum share capital of 100 million FDJ, requires prior authorization for issuance activities, and imposes strict governance, internal control, and anti-money laundering obligations on issuing institutions and their distributors. It further specifies capital adequacy ratios, accounting standards, and the supervisory authority's powers to suspend or revoke licenses based on risk profiles and management fitness.
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