
Central Bank of Nigeria
Circular to All Banks: Definition and Structure of Holding Companies in Pursuance of the New Banking Model
- Author
- Central Bank of Nigeria
- Reference No.
- FPR/DIR/CIR/GEN/01/024
- Year
- 2010
- Pages
- 2 pages
This circular explains the holding company structure contemplated by Regulation 3 of the New Banking Model. It defines financial holding companies, outlines registration and incorporation requirements, requires non-operating financial holding companies to control at least one bank or other financial institution through more than 50%…