Regulatory Alerts2000-02-01
Added · Updated
INSTRUCTION NO. 001/2000-CSBF ON AVAILABLE OWN FUNDS OF CREDIT INSTITUTIONS
The Banking and Financial Supervision Commission (CSBF) of Madagascar issued Instruction No. 001/2000-CSBF to establish the composition, calculation limits, and reporting requirements for available own funds of credit institutions. The regulation defines core own funds and assimilated funds, specifying inclusions like capital and reserves alongside deductions for unpaid capital and intangible assets, while capping assimilated funds at 100 percent of core own funds and subordinated instruments at 50 percent. It mandates annual consolidated declarations to the CSBF General Secretariat, sets prudential minimums relative to capital, and grants the Commission authority to exclude non-compliant elements through reasoned decisions.
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