Regulatory Alerts2016-09-07
COBAC Regulation R-2016/03 on the Net Own Funds of Credit Institutions
The Central African Banking Commission issued Regulation R-2016/03 to establish the detailed rules for determining the net own funds of credit institutions within the Central African Economic and Monetary Community. The regulation defines the composition of Core Tier 1 and Additional Tier 1 capital, specifying strict inclusion criteria for equity instruments and other qualifying elements while mandating specific deductions for intangible assets and deferred tax assets. It further outlines the requirements for supplementary capital and the treatment of holdings in other financial entities to ensure accurate calculation of regulatory capital requirements.
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