NBE Selected Directives

1. For Banking Business

- SBB/84/2022 Reserve Requirement -8th- Replacement

- SBB-79-2021 Requirements for Persons with Significant Influence in a Bank(2nd

Replacement)

- SBB/71/2019 Bank Corporate Governance

- SBB/72/2019 Licensing and Authorization of Interest Free Banking Business

- SBB/69/2018 Asset Classification and Provisioning

- SBB/67/2018 Limit on Board Remuneration and Number of Employees Who sit

on a Bank Board

- SBB/3/95 Contribution in Kind

- SBB/9/95 Computation of Risk Weighted Asset

- SBB/47/10 Time Limit for Reduction and/or Relinquishing Shareholdings

- SBB/56/13 Requirements for Licensing and Renewal of Banking Business

- SBB/57/14 Liquidity Requirement (5th Replacement)

- SBB/59/14 Fraud Monitoring

- SBB/65/2017 Limitations on Investment of Banks (as Amended)

- SBB/49/11 Limits on Board Remuneration and Number of Employees Who Sit on

a Bank Board

- FIS/01/2012 Regulation of Mobile and Agent Banking Services

- Establishment and operation of Treasury bond directive ….01/2022

2. Insurance
 - Prudential Requirements for Reinsurance Companies

- Amendment to manner and criteria of transacting Reinsurance

- Statutory Deposit

- To License a Takaful Operator or Authorize Takaful Window Operator

- Insurance Brokers Code of Conduct

- Licensing of Insurance Actuary

- Licensing of Insurance Loss Assessors and Loss Adjustors

- Licensing of Insurance Surveyors

- Amendment of Prohibition of Insurance of certain Types of Bonds by Insurance

Companies

- Investment in Insurance Funds

- Manner of computing Margin of Solvency for Insurance Company

- Emergency Travel Health Insurance

- Licensing of Insurance Agent

- Licensing of Insurance Broker

- Requirements for persons with Significant Influence in an Insurer

- Requirements for Licensing and License Renewal of Insurance Business

- Insurer and Reinsurance Business Fraud Monitoring

- Reinsurance Company Establishment

- Licensing, License Renewal and Product Approval

- Insurance Corporate Governance

3. Micro-finance

- Minimum Paid-up Capital and Capital Adequacy Requirement (3rd replacement)

MFI-36-2023
- MFI/33/2022 Requirements for Information Technology (IT) Management of

Microfinance Institution

- MFI/32/2021 Licensing and Authorization of Interest Free Micro-financing

Business

- FIS/04/2021 Requirement for Undertaking Account Based Transaction and

Ensuring of Regulatory Limits

- SMIB/3/2020 Licensing, License Renewal and Product Approval

- FIS/02/2020 Use of Agents FIS/02/2020

- MFI/03/2020 Equity Investment by FNEO Directives No. MFI-30-2020

- MFI/02/1996 Contribution in Kind

- MFI/15/2002 Minimum Liquidity Requirement

- MFI/21/2012 Requirements for Persons with significant Influence in a Micro

finance Institution

- MFI/23/2013 Requirements for Licensing and Renewal of Microfinance Business

- MFI/28/2016 Limit on Loans, Repayment period and provisioning Requirement

- MFI/24/2013 Investment in Equities of Allied Activities

- MFI/26/2014 Fraud Monitoring