Regulatory Alerts2018-01-23 | cba-blob-9441Policy Rule: Banking Licence Requirements and Admission Requirements for Credit Institutions Operating in or from Aruba
The Centrale Bank van Aruba (CBA) issues this policy rule to establish strict licensing and admission criteria for credit institutions operating in Aruba, replacing the 2009 regulations. The document mandates that applicants must be branches or majority-owned subsidiaries of parent banks subject to comprehensive consolidated supervision, while explicitly rejecting applications from shell banks and parallel-owned structures. Additionally, it imposes specific financial thresholds and experience requirements for foreign branch offices and requires major shareholders to be financially sound institutions under effective home country supervision.
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