Regulatory Alerts2015-01-01
Notice No. 3/2015, of May 12 – Sets the Minimum Share Capital for Financial Institutions
The Bank of Cabo Verde issued Notice No. 3/2015 to establish updated minimum share capital requirements for various financial institutions, adjusting thresholds based on institutional type and risk profile. The regulation mandates that existing credit and non-bank financial entities must align their capital to the newly fixed amounts by December 31, 2015. This adjustment aligns statutory capital floors with the developmental depth of Cabo Verde's financial system and recent legislative reforms.
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