Regulatory Alerts2022-12-09
Instruction No. 104/DGSIF/DSB/2022 on the Composition of Net Own Funds of Credit Institutions
The Central Bank of the Republic of Guinea issued Instruction No. 104/2022 to establish the definitive composition, eligibility criteria, and deduction rules for the net own funds of credit institutions. The regulation structures capital into Base, Additional, and Category 2 tiers, detailing strict inclusion and exclusion parameters for equity instruments, minority interests, and risk provisions while mandating quarterly consolidated and standalone reporting via standardized annexed forms. It repeals conflicting prior directives and reserves the central bank's right to reject any capital components that fail to satisfy solvency or loss-absorption standards.
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