Regulatory Alerts2021-10-20
Regulatory Requirements for Discount Houses in Liberia
The Central Bank of Liberia issued Prudential Regulation No. CBL/FMD/001/2021 to establish comprehensive licensing, capital, governance, and operational standards for discount houses operating in the country. The regulation mandates a statutory minimum capital of L$422 million, details provisional and final licensing procedures, and defines permissible activities alongside strict corporate governance and risk management frameworks. It further empowers the Central Bank to conduct ongoing examinations, enforce reporting obligations, and impose suspension or revocation penalties for non-compliance.
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