Regulatory Alerts2012-12-25
Added · Updated
Procedure for Application for Authorization of Credit Institutions
The Banque Centrale de Djibouti mandates all applicants seeking authorization for credit institutions to submit a comprehensive application file detailing capital contributors, management qualifications, corporate governance structures, and three-year financial forecasts. The circular specifies precise documentation requirements for shareholders holding at least five percent of capital, statutory auditors, and internal/external control mechanisms. It further outlines standardized templates for comfort letters, organizational charts, and activity programs to ensure compliance with Djiboutian banking laws and prudential norms.
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