Regulatory Alerts2004-07-05
Regulation (NAP) – Investment Banks Regulation
The Central Bank of São Tomé and Príncipe establishes comprehensive operating rules for Investment Banks, defining their authorized passive, active, and special operations while mandating specialized technical services. The regulation outlines strict financing parameters for fixed and working capital, prohibits land plot financing, sets 180-day placement deadlines for securities, and exempts foreign loans from minimum cash reserves. Furthermore, it governs joint investment fund management with diversification limits, financial leasing terms, and fee structures, ensuring all existing Central Bank regulations for financial institutions apply to these entities.
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