Regulatory Alerts2025-03-01
Added · Updated
Instruction No. 072/DGSIF/DSB of 16 February 2017 on Prior Notification of Administrator Appointments and Declaration of Administrator and Management Lists
The Central Bank of Guinea requires credit institutions to notify the Approvals Committee at least one month before appointing any administrator, submitting a comprehensive set of documents including identity papers, criminal records, and CVs. The instruction prohibits individuals with specific criminal convictions, bankruptcies, or regulatory sanctions from serving on boards and mandates that institutions update the list of administrators and general management members with the commercial registry and the Central Bank annually by the end of January and upon any mid-year changes. If the Approvals Committee does not respond within thirty days of receiving a complete file, the institution may proceed with the appointment.
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