Regulatory Alerts2024-09-01
Added · Updated
Circular No. 20/2018 on the Approval of Credit Institutions and Representative Offices of Foreign Credit Institutions
The Banque de la République du Burundi issued Circular No. 20/2018 to establish the procedures and documentation required for the approval of credit institutions and representative offices of foreign banks. The regulation defines key terms, mandates specific capital and governance requirements, and outlines the restricted activities permitted for representative offices. It further details the conditions for granting, modifying, or withdrawing approval, ensuring compliance with Burundian banking laws.
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