Regulatory Alerts2025-03-01
Instruction No. 021/DGSIF/DSB/14 of May 13, 2014 on Reference Shareholding
The Central Bank of the Republic of Guinea requires credit institutions seeking "Bank" category approval to maintain at least one Reference Shareholder, defined as an established Bank holding a minimum of 20 percent capital and subject to consolidated prudential supervision if part of a financial holding. This Reference Shareholder must possess governance expertise, commit to providing necessary funds, and submit certified annual accounts annually alongside a notarized commitment deed. Credit institutions are strictly bound to comply with these provisions, which take immediate effect upon signature and publication.
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