Regulatory Alerts2009-10-06
Added · Updated
Guidelines on Capital Adequacy Ratio for Non-Bank Deposit Taking Institutions
The Bank of Mauritius issued these October 2009 guidelines to establish a mandatory 10 percent capital adequacy ratio for all licensed non-bank deposit-taking institutions. The framework mandates a two-tier capital structure, defining Tier 1 core capital components and deductions alongside eligible Tier 2 supplementary capital such as revaluation reserves, general provisions, and subordinated debt. Institutions must calculate risk-weighted assets according to specified asset classes, submit quarterly returns signed by authorized officials within twenty working days, and comply with updated terms governing deposit acceptance and liquidity maintenance.
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