Regulatory Alerts2025-10-22
Added · Updated
Instruction No. 61 to Credit Information Bureaux Regarding Conditions for Approval and Prior Authorizations
The Central Bank of Congo establishes the conditions and procedures for the approval of Credit Information Bureaux (BICs) and their directors, defining required capital, governance structures, and documentation. It mandates a minimum paid-up capital of USD 500,000 equivalent in Congolese Francs and requires prior authorization for key appointments, shareholder participation, and specific operational decisions. The regulation outlines detailed submission requirements for applicants, including business plans, integrity declarations, and technical system descriptions, while granting the Bank the authority to refuse approval based on risk assessments or transparency failures.
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