In accordance with Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, The application for prior authorization for the acquisition or sale of shareholdings which results in a change in the power of control of the applicant credit institution must also include information enabling the Banking Commission to assess the quality and good repute of the future acquirers, to assess their financial soundness and ensure that they are not affected by any of the prohibitions or incompatibilities provided for by the regulations in force. To be presented:
FOR PURCHASER WHO IS A LEGAL ENTITY UNDER PUBLIC LAW
- The deed creating the legal entity,
- The deed authorizing the legal entity to acquire holdings in the institution’s capital,
- A document by which the legal entity governed by public law, where it is the majority shareholder, undertakes to support the development of the credit institution,
A copy of the subscription form for the shares of the credit institution or of the deed of transfer.