Regulatory Alerts2015-02-03
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Regulation No. 002/2015/BCC/DSBR on the Definition of Own Funds of Credit Institutions
The Governor of the Central Bank of the Comoros issues Regulation No. 002/2015/BCC/DSBR to define the regulatory own funds of credit institutions in application of Law 13-003/AU. The regulation establishes a framework comprising basic own funds and supplementary own funds, specifying eligible capital elements, deductions, and strict conditions for subordinated debt and participations. It mandates semi-annual reporting of these calculations and supersedes previous instructions and circulars effective from its signature date.
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