Regulatory Alerts2020-02-01
Instruction N°I/03/19/REA on the List of Constituent Documents for the Accreditation Application File of Insurance Companies, Directors, and Statutory Auditors
The Central Bank of the Republic of Guinea issued Instruction N°I/03/19/REA on June 24, 2019, which establishes the list of constituent documents required for accreditation applications for insurance companies, their directors, and statutory auditors. For insurance companies, the application dossier must include company statutes, shareholder lists, proof of minimum capital, a detailed business program, and financial forecasts for the first three fiscal years. Directors and statutory auditors must provide evidence of honorability, competence, and nationality, along with CVs, certified diplomas, work certificates, and a recent criminal record extract, with specific registration requirements for auditors.
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