RegAlert

Rule · NBE · 25 Mar 1996

Directive No. SBB/13/1996 Naming of Officers

governance

It prohibits designating a bank's General Manager, Chief Executive, or Principal Officer as a Managing Director unless that individual is also a member of the bank's Board of Directors. This requirement applies to banks regulated by the National Bank of Ethiopia. The directives enter into force on April 8, 1996.

EthiopiaNational Bank of Ethiopia

LICENSING AND SUPERVISION OF
BANKING BUSINESS
Directive No. SBB/13/1996
NAMING OF OFFICERS

  1. Issuing Authority
    These directives are issued by the National Bank of Ethiopia pursuant to the authority vested in it by Article 41 of the Monetary and Banking Proclamation No. 83/1994 and by article 36 of the Licensing and Supervision of Banking Business Proclamation No. 84/1994.
  2. Designation
    Unless a General Manager, Chief Executive or Principal Officer of a bank is member of the Board of Directors of the bank, it is prohibited to designate him a s a Managing director.
  3. Effective date
    These Directives shall enter into force as of 8th day of April 1996.

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Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Licensing and Supervision ofBanking Business Proclamation No.…Not in RegAlertLicensing and Supervision of Banking Business Proclamation No. 84/1994 — Not in RegAlertMonetary and Banking ProclamationNo. 83/1994Not in RegAlertMonetary and Banking Proclamation No. 83/1994 — Not in RegAlertDirective No. SBB/13/1996Naming of Officers1996-03-25 · this documentDirective No. SBB/13/1996 Naming of Officers (1996-03-25)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Issued under
  • Licensing and Supervision of Banking Business Proclamation No. 84/1994Not in RegAlert

    “and by article 36 of the Licensing and Supervision of Banking Business Proclamation No. 84/1994.”

  • Monetary and Banking Proclamation No. 83/1994Not in RegAlert

    “These directives are issued by the National Bank of Ethiopia pursuant to the authority vested in it by Article 41 of the Monetary and Banking Proclamation No. 83/1994”

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Source: National Bank of Ethiopia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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