Regulatory Alerts2020-02-01
Approval Conditions for MFIs, EMEs, and Postal Financial Services
The Central Bank of Guinea issued Instruction No. I/DGSIF/DSIMF/01/2018 to establish the approval conditions for Microfinance Institutions, Electronic Money Establishments, and Postal Financial Services, along with their executives and auditors. The regulation mandates specific legal forms, comprehensive application documentation, and cumulative approval criteria covering financial completeness, project quality, and managerial competence. It further standardizes the appointment procedures, interim management rules, and audit requirements to ensure robust oversight and operational integrity across the financial sector.
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