Regulatory Texts 2013: Extension of Financial Regulations and Institutional Approvals — BCC — KM

BANQUE CENTRALE des COMORES

Instruction No. 04/2013/DSBR/BCC
Regarding the extension of regulatory texts applicable to financial institutions

Having regard to Law 80-08 of June 26, 1980, relating to currency and the role of the Central Bank of the Comores in the control of banks and financial establishments, credit, and foreign exchange.

Having regard to Law No. 13-003/AU of June 12, 2013, regulating banking and financial activities, specifically Article 103.

The Governor decides the following:

Article 1
Regulatory texts issued by the Central Bank of the Comores in application of Law 80-07 and Decree 04-069/2004, and not repealed, shall remain in force until June 30, 2014.

Article 2
Legal and regulatory provisions relating to the minimum share capital of Financial Institutions approved prior to the promulgation of Law No. 13-003/AU of June 12, 2013, shall remain applicable until the implementation of regulatory provisions in application of Article 12 of the current law.

Article 3 -
This instruction shall enter into force as of its date of signature.

Cachet et signature Moroni, September 2, 2013

Mzé Abdou Mohamed Chanfiou

-------------------------------------------------- Place de France. BP 405 MORONI TEL : (269) 773 18 14 - (269) 773 10 02 – FAX : (269) 773 03 49 E-mail : secretariat@banque-comores.org Site : www.banque-comores.km

==Page 2==

BANQUE CENTRALE des COMORES

CIRCULAR LETTER NO. 002/2013/DSBR
..........................

Circular Letter regarding the admission of Meck Iconi into the Union des Mecks

Having regard to Law 80-08 of May 3, 1980, relating to currency and the role of the Central Bank of the Comores in the control of banks, financial establishments, credit, and foreign exchange.

Having regard to Decree No. 04-069/PR of June 22, 2004, regulating the activity of Decentralized Financial Institutions;

Having regard to Instruction No. 001/2004/COB regarding the application for approval of Decentralized Financial Institutions in application of Decree No. 04-069/PR, specifically Article 4.

Having regard to Circular Letter No. 002/2004/COB regarding the declaration of creation of a Decentralized Financial Institution within an already approved Union, specifically Article 2.

Considering the processing of the application for admission submitted to the Central Bank of the Comores by the General Management of the Union des Mecks.

Sole Article
Meck Iconi is authorized to join and exercise its activities within the Union des Mecks. It is registered in the register of Decentralized Financial Institutions as an affiliated institution.

This circular letter shall enter into force as of its date of signature.

Cachet et signature Moroni, July 11, 2013

The Governor

Mzé Abdou Mohamed Chanfiou

==Page 3==

BANQUE CENTRALE des COMORES

CIRCULAR LETTER NO. 004/2013/ COB
..........................

Circular Letter regarding the opening of an MCTV Agency at Hahaya Airport "Maison Comorienne des Transferts et Valeurs" (MCTV).

Having regard to the Federal Framework Law No. 80-08 of May 3, 1980, relating to currency and the role of the Central Bank of the Comores in the control of Banks and Financial Establishments;

Having regard to Law 80-07 of June 26, 1980, regulating Banks and Financial Establishments;

Having regard to Decree 87-005/PR, regulating Financial Relations between the Comoros and foreign countries;

Having regard to Law No. 12-008/AU of June 28, 2012, combating money laundering and the financing of terrorism;

Having regard to Order No. 09-078/VP-/MFBEF/CAB of December 12, 2009, approving MCTV;

Having regard to Circular Letter No. 008/2009/COB of December 31, 2009, regarding the approval of MCTV as a financial intermediary;

Article 1
The Central Bank authorizes MCTV to open an MCTV agency for money transfer and exchange at the Moroni-Hahaya International Airport.

Article 2
Operations carried out by this new agency must be conducted in compliance with the legal and regulatory provisions governing the activities of MCTV.

Cachet et signature Moroni, May 2, 2013

The Governor,
Mzé Abdou Mohamed Chanfiou

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it

The links and the sentences they come from (10)

Issued under

Banking Law No. 13-003/AU of June 12, 2013BCC
“Having regard to Law No. 13-003/AU of June 12, 2013, regulating banking and financial activities, specifically Article 103.”
Circular Letter No. 002/2004/COB regarding the declaration of creation of a Decentralized Financial Institution within an already approved UnionNot in RegAlert
“Having regard to Circular Letter No. 002/2004/COB regarding the declaration of creation of a Decentralized Financial Institution within an already approved Union, specifically Article 2.”
Circular Letter No. 008/2009/COB of December 31, 2009, regarding the approval of MCTV as a financial intermediaryNot in RegAlert
“Having regard to Circular Letter No. 008/2009/COB of December 31, 2009, regarding the approval of MCTV as a financial intermediary;”
Decree 87-005/PR, regulating Financial Relations between the Comoros and foreign countriesNot in RegAlert · 1987
“Having regard to Decree 87-005/PR, regulating Financial Relations between the Comoros and foreign countries;”
Instruction No. 001/2004/COB regarding the application for approval of Decentralized Financial Institutions in application of DecreeNot in RegAlert
“Having regard to Instruction No. 001/2004/COB regarding the application for approval of Decentralized Financial Institutions in application of Decree No. 04-069/PR, specifically Article 4.”
Law No. 12-008/AU dated 2012-06-28Not in RegAlert
“Having regard to Law No. 12-008/AU of June 28, 2012, combating money laundering and the financing of terrorism;”

+4 more

Law No. 12-008/AU of June 28, 2012Not in RegAlert
“Having regard to Law No. 12-008/AU of June 28, 2012, combating money laundering and the financing of terrorism;”
Law No. 13-003/AU of June 12, 2013, regulating banking and financial activitiesNot in RegAlert
“Having regard to Law No. 13-003/AU of June 12, 2013, regulating banking and financial activities, specifically Article 103.”
Law No. 80-08 dated 1980-06-26Not in RegAlert
“Having regard to Law 80-08 of June 26, 1980, relating to currency and the role of the Central Bank of the Comores”
Order No. 09-078/VP-/MFBEF/CAB of December 12, 2009, approving MCTVNot in RegAlert
“Having regard to Order No. 09-078/VP-/MFBEF/CAB of December 12, 2009, approving MCTV;”