COBAC Instruction I-2016/02 Defining Presentation Models for Required Documents under Regulation R-2016/02 — BEAC — CM

COMMISSION BANCAIRE DE L’AFRIQUE CENTRALE

Instruction COBAC I-2016/02 Defining Presentation Models for Required Documents under Regulation COBAC R-2016/02 on Changes in the Status of Credit Institutions

The President of the Commission Bancaire de l’Afrique Centrale;

Having regard to the Convention of 16 October 1990 establishing a Commission Bancaire de l’Afrique Centrale (COBAC);

Having regard to the Convention of 17 January 1992 harmonizing banking regulation in the Central African States;

Having regard to Regulation No. 02/015/CEMAC/UMAC/COBAC of 27 March 2015 amending and supplementing certain conditions regarding the exercise of the banking profession in the Economic and Monetary Community of Central Africa (CEMAC) and subsequent texts;

Having regard to COBAC Regulation R-2016/02 on changes in the status of credit institutions;

DECIDES:

Article 1: This instruction defines the presentation models for certain elements constituting the standard file regarding changes in the status of credit institutions.

Article 2: The required elements must conform to the models defined in this instruction. Any non-conforming document is inadmissible.

Article 3: This instruction repeals all prior contrary provisions and enters into force as of its signature date.

Signed in Libreville, on 16 SEPT 2016

For the Commission Bancaire,
The President,

(Signature)
Lucas ABAGA NCHAMA

ANNEX: STANDARD FILE

Document 1: Curriculum Vitae Model (shareholders, directors) (articles 17, 18 and 26 of COBAC¹ Regulation R-2016/02)

General Information

Surname:
First name:
Born on: At:
Nationality:
Number of children:
Marital status:
Legal address:
Telephone:
Fax:
Telex:
E-mail:
City:
Country:

Current Profession

University Education

Year	Degree	Description (Field)	Institution	Country

Professional Experience

Year	Position Held	Organization	Description	Country

Miscellaneous

I certify that this information is true and accurate.
Date and signature of the interested party

¹ on changes in the status of credit institutions.

Document 2: Information on the Statutory Auditor of a Credit Institution (Legal Entity)

(article 23 of COBAC Regulation R-2016/02)

a. Information on the Company

Legal form: ...................................................................................................................
Corporate name: ..........................................................................................................
Acronym: .....................................................................................................................................
Corporate purpose: ..........................................................................................................................
Share capital: .......................................................................................................................
Registered office: ..........................................................................................................................
Country: ......................................................................................................................................
Date of company creation: .............................................................................................
Registration number with the RCCM²: .................................................................................
Address: .................................................................................................................................
Registration number with the national order of experts: ...................................................
................................................................................................................................................
CEMAC approval number: ..............................................................................................
Telephone: .............................................................................................................................
Fax: ..............................................................................................................................................................
Telex: .....................................................................................................................................
E-mail: ...................................................................................................................................

b. Share Capital (in millions of FCFA)

Shareholders	Total number of shares	Number of paid-up shares	Nominal value	Amount (paid-up shares)	Percentage (paid-up capital)



Total

c. Work history of the accounting firm

Year	Position Held	Organization	Description	Country

We certify this information as true and accurate.
Date and signature of the interested party

² Commercial and Movable Credit Register

Document 3: Model Letter of Commitment

a. "Shareholder, natural person"
(articles 17 and 18 of COBAC Regulation R-2016/02)

SWORN DECLARATION
TO
Mr. President of the Commission Bancaire de l’Afrique Centrale P.O. Box 2180 Libreville Gabonese Republic

I, the undersigned ____________________, born on ________________ at ________________, residing at ________________, shareholder holding shares amounting to ________________ FCFA, representing ________ % of the share capital of the credit institution ________________, hereby declare on honor that the funds invested in the share capital of said institution in the form of shares do not originate from illicit activities.

The origin of the funds is:
-
-
-

I solemnly attest that I am not subject to any of the prohibitions and incompatibilities provided for in Article 51 of Regulation No. 02/15/CEMAC/UMAC/COBAC amending and supplementing certain conditions regarding the exercise of the banking profession in CEMAC.

I certify that all information provided is true and accurate and that, to the best of my knowledge, there are no other important facts which the Commission Bancaire must be informed of. In this regard, I undertake to immediately inform it of any change that would modify the information provided.

I acknowledge the provisions of Article 13 of Regulation 02/14 CEMAC/UMAC/COBAC/CM on the treatment of credit institutions in difficulty, under which the President of the Commission Bancaire may, when justified by the situation of a credit institution, invite its shareholders to present appropriate solutions, such as the necessary financial contribution for its stabilization, particularly through an increase in share capital or any other support, as well as the schedule for their implementation.

In witness whereof, this declaration is made to serve and avail as may be appropriate.

Made at ________________, on ________________
Signature

b. Model Letter of Commitment "Shareholder – Legal Entity" (articles 17 and 18 of COBAC Regulation R-2016/02)

SWORN DECLARATION
TO
Mr. President of the Commission Bancaire de l’Afrique Centrale P.O. Box 2180 Libreville Gabonese Republic

I, the undersigned ____________________, born on ________________ at ________________, residing at ________________, legal representative of ________________, shareholder holding shares amounting to ________________ FCFA, representing ________ % of the share capital of the institution ________________, hereby declare on honor, in the name and on behalf of ________________, that the funds invested in the share capital of said institution in the form of shares do not originate from illicit activities.

The origin of the funds is:
-
-
-

I certify that all information provided is true and accurate and that, to the best of my knowledge, there are no other important facts which the Commission Bancaire de l’Afrique Centrale must be informed of. In this regard, I undertake to immediately inform it of any change that would modify the information provided.

In witness whereof, this declaration is made to serve and avail as may be appropriate.

Made at ________________, on ________________
Signature

c. Model Sworn Declaration "Director"
(article 26 of COBAC Regulation R-2016/02)

SWORN DECLARATION
TO
Mr. President of the Commission Bancaire de l’Afrique Centrale P.O. Box 2180 Libreville Gabonese Republic

I, the undersigned ____________________, born on ________________ at ________________, residing at ________________, nominated to exercise the functions of director at ________________ [name of credit institution], hereby declare on honor that I am not subject to any of the prohibitions and incompatibilities provided for by the regulations in force within the countries of the Economic and Monetary Community of Central Africa (CEMAC), notably Article 51 of Regulation No. 02/15/CEMAC/UMAC/COBAC amending and supplementing certain conditions regarding the exercise of the banking profession in CEMAC.

I declare that I hold, within institutions established ________________ (country name), the following mandates:
-
-
-
-
-

I certify that I do not hold, within the territory of the same Member State, more than five (5) director mandates and three (3) board chairman mandates in public limited companies, within the limits provided, respectively, by Articles 425 and 479 of the OHADA Uniform Act on commercial company law and GIE.

I certify that this information is true and accurate and that, to the best of my knowledge, there are no other important facts which the Commission Bancaire de l’Afrique Centrale must be informed of. In this regard, I undertake to immediately inform it of any change that would modify the information provided.

In witness whereof, this declaration is made to serve and avail as may be appropriate.

Made at ________________, on ________________
Signature

d. Model Sworn Declaration "Statutory Auditor – Accountant" (article 23 of COBAC Regulation R-2016/02)

SWORN DECLARATION
TO
Mr. President of the Commission Bancaire de l’Afrique Centrale P.O. Box 2180 Libreville Gabonese Republic

I, the undersigned ____________________, born on ________________ at ________________, residing at ________________,

(1) nominated to exercise the functions of statutory auditor (Full-time/Deputy) of ________________ [name of credit institution],

(2) appointed by the ordinary general meeting of ________________ [date] of ________________ [name of credit institution] as statutory auditor (full-time/deputy) ________________, hereby declares on honor:

not to be subject to any of the prohibitions and incompatibilities provided for by the laws and regulations in force within the countries of the Economic and Monetary Community of Central Africa (CEMAC), notably Article 51 of Regulation No. 02/15/CEMAC/UMAC/COBAC amending and supplementing certain conditions regarding the exercise of the banking profession in CEMAC;
not to have social, financial or business links, direct or indirect, with ________________ (name of credit institution) or any related or affiliated company, nor kinship links with the shareholders or management of this entity.

I certify that this information is true and accurate and that, to the best of my knowledge, there are no other important facts which the Commission Bancaire de l’Afrique Centrale must be informed of. In this regard, I undertake to immediately inform the Commission Bancaire de l’Afrique Centrale of any change that would modify the information provided.

In witness whereof, this declaration is made to serve and avail as may be appropriate.

Made at ________________, on ________________
Signature

e. Model Sworn Declaration "Statutory Auditor – Accounting Firm" (article 23 of COBAC Regulation R-2016/02)

SWORN DECLARATION
TO
Mr. President of the Commission Bancaire de l’Afrique Centrale P.O. Box 2180 Libreville Gabonese Republic

I, the undersigned ____________________, born on ________________ at ________________, residing at ________________, legal representative of ________________ (name of the accounting firm)

(1) nominated to exercise the functions of statutory auditor (Full-time/Deputy) of ________________ [name of credit institution],

not to be subject to any of the prohibitions and incompatibilities provided for by the regulations in force within the countries of the Economic and Monetary Community of Central Africa (CEMAC), notably Article 51 of Regulation No. 02/15/CEMAC/UMAC/COBAC amending and supplementing certain conditions regarding the exercise of the banking profession in CEMAC;
not to have financial or business links, direct or indirect, with ________________ (name of credit institution), nor kinship links with the shareholders and management of this entity.

In witness whereof, this declaration is made to serve and avail as may be appropriate.

Made at ________________, on ________________
Signature

Document 4: Model Information Letter "List of Participations Held in CEMAC or Abroad" (articles 17 and 18 of COBAC Regulation R-2016/02)

LIST OF PARTICIPATIONS

Number of Shares	Nominal Value (in millions of FCFA)	Amount (in millions of FCFA)	Percentage of Share Capital	Institution	Country

LIST OF DIFFERENT DOCUMENTS

Document 1: Curriculum Vitae Model (shareholders, directors) ........................................................ 2
Document 2: Information on the Statutory Auditor of a Credit Institution (Legal Entity)........................................................................................................................................................... 3
Document 3: Model Letter of Commitment.................................................................................................. 4
Document 4: Model Information Letter "List of Participations Held in CEMAC or Abroad" ........................................................................................................................................................ 9

Lineage: No known changes