COMMISSION BANCAIRE

DE
L'AFRIQUE CENTRALE

COBAC REGULATION R-2001/06 AMENDING COBAC REGULATION R-93/05 ON THE COVERAGE OF FIXED ASSETS

The Banking Commission of Central Africa,

Having regard to the Convention of 16 October 1990 establishing the Banking Commission of Central Africa;

Having regard to Article 9, paragraph 1 of the Annex to the Convention of 16 October 1990;

Having regard to Articles 31, 32 and 34 of the Convention governing the Monetary Union of Central Africa;

Having regard to COBAC Regulation R-93/05.

DECIDES:

Article 1 - Article 3 of Regulation R-93/05 is replaced by the following wording: "The fixed assets retained in the denominator are net of depreciation and provisions. These are fixed assets in operation or leased, other tangible fixed assets (with the exception of fixed assets intended to be sold), participation securities (with the exception of participations in credit institutions already deducted from own funds) and all other securities held by the institution (with the exception of trading and placement securities)."

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Article 2 - In Article 6, the word "corrective" must be added after the word "measures".

Article 3 - This regulation enters into force on 1 January 2002.

Article 4 - The Secretary General of the Banking Commission is charged with the execution of this regulation.

Done in Yaoundé, on 7 MAY 2001

For the Banking Commission,

The President,

Jean-Félix MAMALEPOT