2019-09-03 | OFI/DIR/DOC/GEN/20349

Letter to all DFIs: Establishment and Operation of Subsidiaries and Special Purpose Vehicles

The Central Bank of Nigeria has issued a letter to Development Finance Institutions (DFIs) regarding the establishment and operation of subsidiaries and special purpose vehicles (SPVs). The letter emphasizes the need for transparency in financial reporting and requires DFIs to provide comprehensive disclosures on all SPV operations. The same regulatory standards that apply to the parent DFI will also apply to any subsidiaries and/or SPVs.

Nigeria

Central Bank of Nigeria

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