Regulatory Alerts2023-05-16
Added · Updated
Instruction No. 51 Fixing Rules on Transactions by Credit Institutions and Financial Companies with Related Parties
Instruction No. 51 establishes rules for credit institutions and financial companies in the Democratic Republic of the Congo regarding transactions with related parties. It mandates that such transactions must not be more favorable than those with non-related parties and requires prior Board of Directors approval. The instruction caps credit exposure to related parties at 20% of regulatory capital, requires internal risk-based rating systems, and imposes sanctions for non-compliance.
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