In accordance with the 2016 COBAC Regulation, the application for the approval of Directors/General Manager of a Credit Institution shall contain the following;
- A curriculum vitae duly dated and signed.
- Certified copies of diplomas.
- Certified copies of certificates of employment and a list of previous positions held, specifying the size, number of employees and nature of activities of the companies concerned.
- A certified copy of the birth certificate.
- Two photos.
- A certified copy of a valid official identity document (national identity card or passport).
- Two extracts from a judicial record less than three months old, issued by the competent authorities of the applicant’s country of nationality and country of residence.
- List of current directorships in other companies, including companies in the group to which the microfinance institution is related or affiliated.
- A declaration on honour by which the applicant certifies that he/she is not affected by any of the prohibitions or incompatibilities provided for by the regulations in force.
- The list of shareholdings in other companies detailing, for each of them, the number of shareholdings held, their nominal values and the corresponding percentage and equivalence in voting rights.
- A certificate or proof of residence less than three months old.
- A valid residence permit for foreigners.
- A copy of the minutes of the board of directors appointing an officer.
- Where applicable, copies of previous approvals for managers approved in the financial sector outside the CEMAC etc.