REGULATION N° 2310/2018 - 00013[ 614 ] OF 27/12/2018 OF THE NATIONAL BANK OF RWANDA ON LICENSING CONDITIONS OF BANKS

Ingingo ya Mbere: Impamvu y’aya mabwiriza rusange CHAPTER ONE: GENERAL PROVISIONS CHAPITRE PREMIER: DISPOSITIONS GENERALES Article One: Purpose of this regulation Article Premier: Objet du présent règlement Ingingo ya by’amagambo 2: Ibisobanuro Ingingo ya mbere: Impamvu y’aya mabwiriza rusange Official Gazette no. 01 of 07/01/2019 REGULATION N° 2310/2018 - 00013[ 614 ] OF 27/12/2018 OF THE NATIONAL BANK OF RWANDA ON LICENSING CONDITIONS OF BANKS REGLEMENT N° 2310/2018 - 00013[ 614 ] DU 27/12/2018 DE LA BANQUE NATIONALE DU RWANDA PORTANT CONDITIONS DES BANQUES D’AGREMENT Pursuant to Law N° 48/2017 of 23/09/2017 governing the National Bank of Rwanda especially in its articles 6, 8, 9, 10 and 15; Vu la Loi N° 48/2017 du 23/09/2017 régissant la Banque Nationale du Rwanda, spécialement en ses articles 6, 8, 10 et 15 ; Pursuant to Law Nº 47/2017 of 23/9/2017 governing the organization of banking, especially in articles 8,9, 10,11,12,13,14 n’iya 55; Vu la Loi No 47/2017 du 23/09/2017 portant organisation bancaire, spécialement en ses articles 8, 9, 10, 11, 12, 13, 14 et 55 ; l’activité de Having reviewed the regulation N° 03/2008 on licensing conditions of banks as modified and complimented to date; le Revu règlement N° 03/2008 portant conditions d’agrèment des banques tel que modifié et completé à ce jour ; The National Bank of Rwanda, hereinafter referred to as «Central Bank», decrees: La Banque Nationale du Rwanda, ci-après dénommée « Banque Centrale », édicte : CHAPTER ONE: GENERAL PROVISIONS CHAPITRE PREMIER: DISPOSITIONS GENERALES Article One: Purpose of this regulation Article Premier: Objet du présent règlement Aya mabwiriza ibisabwa n’uburyo rusange bwo ashyiraho kubona This regulation sets requirements and procedures to applicants seeking a licence to conduct banking activities. Ce règlement définit des exigences et les procédures à suivre par des requérants désireux 6 Official Gazette no. 01 of 07/01/2019 uruhushya umurimo w’amabanki. rwo kwemererwa gukora d’obtenir une licence pour exercer des activités bancaires. Ashyiraho kandi hashingwe ibiro bihagarariye banki ibisabwa kugirango It also sets requirements for the establishment of a representative office. Il définit également des conditions requises pour de représentation. l’établissement bureau d'un Ingingo ya by’amagambo 2: Ibisobanuro

Article 2: Definitions Article 2 : Définitions UMUTWE WA II: IBISABWA MU KWEMERERWA CHAPTER REQUIREMENTS II: LICENCING CHAPITRE D’AGREEMENT II: DES EXIGENCES Article 2: Definitions Article 2 : Définitions Muri aya mabwiriza rusange, akurikira afite ibisobanuro bikurikira: In this Regulation, the following shall mean: Dans le présent règlement, les termes suivants signifient : 1° Banki: isosiyete ihamagarira kuyiguramo rubanda ifite uburyozwe imigabane ku migabane bugarukira koperative cyangwa yemerewe na Banki Nkuru gukora imirimo yo kwakira no kubika amafaranga no gutanga inguzanyo ku giti cyayo. Cyakora, banki z’iterambere no ntizemerewe ya kubika rubanda; 2° Uruhare kwakira amafaranga rugaragara: amafaranga ashorwa mu migabane ya banki, ku buryo cyangwa butaziguye buziguye, yonyine ari cyangwa ari hamwe n’andi, ahwanye nibura n’atanu ku ijana (5%) y’imari shingiro 1° Bank: public company limited by shares or a cooperative licensed by the Central Bank to undertake activities of accepting deposits and granting loans for its own account. are However, prohibited to collect deposits from the public; development banks 2° Significant holding: a shareholding in a bank that, directly or indirectly, alone or in conjunction with others, represents at least five percent (5%) of the equity capital or voting rights, or that makes it possible to exercise a significant influence over decisions related to the management of that bank; 7 1° Banque: société publique à responsabilité limitée par action ou une coopérative agréée par la Banque Centrale pour effectuer des activités de recevoir des fonds pour dépôts et consentir des prêts pour son propre compte. Toutefois, des banques de développement ne sont pas autorisées à recevoir des dépôts du public ; 2° Participation ou significative: participation dans une banque qui, indirectement, directement représente seule ou avec d’autres, au moins cinq pour cent (5%) de ses fonds propres ou de ses droits de vote ou qui permet d’exercer une influence significative dans la prise nyirayo yayo cyangwa by’uburenganzira bwo gutora bwa cyangwa amuhesha ububasha bwagira ingaruka ifatwa mu ry’ibyemezo mu micungire y’iyo banki; 3° Umuyobozi Mukuru: umukozi uri mu buyobozi bukuru uri ku rwego rwo hejuru/cyangwa abakozi b’ingenzi bashinzwe imirimo ya banki. Muri bo harimo: Official Gazette no. 01 of 07/01/2019 de décisions relatives à la gestion de cette banque ; 3° Senior manager: that are personnel executives of the bank. These are: the management the high-level/key 3° Cadre dirigeant: le personnel de direction générale qui est le cadre supérieur de la banque. Ceux-ci sont : a) Umuyobozi (CEO/MD); Mukuru a) Chief the (CEO)/Managing Director (MD); Executive Officer b) Abakozi bo mu buyobozi bukuru batanga raporo ku y’Ubutegetsi Nama cyangwa kuri Komite z’Inama y’Ubutegetsi; na c) Abakozi bo mu buyobozi bukuru batanga raporo ku Muyobozi Mukuru (CEO/MD). b) senior executives reporting to the Board or to Board Committees and c) senior executives reporting to the Officer Chief (CEO)/Managing Director (MD). Executive 8 a) le CEO et/ou Directeur Général (DG); b) les membres de la direction générale répondant au Conseil aux d’Administration Comités Conseil du d’Administration ; ou c) les membres de la direction répondant au CEO et/ou au Directeur général (DG). Official Gazette no. 01 of 07/01/2019 UMUTWE WA II: IBISABWA MU KWEMERERWA CHAPTER REQUIREMENTS II: LICENCING CHAPITRE D’AGREEMENT II: DES EXIGENCES

Ingingo ya 3: Ibyiciro by’amabanki hashingiwe ku mirimo yayo Article 3: Categories of banks and their respective activities Article 3: Catégories de banques et leurs activités respectives Ingingo ya 3: Ibyiciro by’amabanki hashingiwe ku mirimo yayo Article 3: Categories of banks and their respective activities Article 3: Catégories de banques et leurs activités respectives Usaba kwemererwa gukora umurimo w’amabanki asaba kuwukora muri ibi byiciro: The applicant may apply for a licence to conduct the banking activities in the following category: Le requérant peut demander une licence pour exercer des activités bancaires dans l’une des catégories suivantes: 1° Banki y’ubucuruzi; 2° Banki y’iterambere; 3° Banki y’abanyamuryango; 4° Banki y’imiturire 1° Commercial Bank; 2° Development Bank; 3° Cooperative Bank; 4° Mortgage Bank; 1 ° Banque commerciale; 2 ° Banque de développement; 3 ° Banque coopérative; 4 ° Banque hypothécaire; Imirimo yihariye ya buri cyiciro cy’amabanki iteganijwe ku mugereka wa 1 w’aya mabwiriza rusange. The respective activities of each category of a bank are provided in the Appendix 1 of this regulation. Nkuru ishobora Banki kugena amabwiriza n’amahame ngenderwaho n’ibindi bisabwa hashingiwe ku cyiciro cy’amabanki, sitati y’ayo n’imirimo ya bank. The Central Bank may by a directive, establish prudential rules and other requirements applicable to banks based on their categories, legal status and activities. Les activités respectives de chaque catégorie de banque figurent à l'annexe 1 du présent règlement. La Banque Centrale peut, par une directive, établir des règles prudentielles et d’autres exigences applicables aux banques en fonction de leurs catégories, de leur statut juridique et de leurs activités.

Ingingo ya 4: Imari shingiro isabwa Article 4: Required paid up capital Article 4 : Capital libéré requis Imiterere y’imari Ingingo ya 4: Imari shingiro isabwa Article 4: Required paid up capital Article 4 : Capital libéré requis Imari shingiro y’usaba uruhushya rwo kwemererwa gukora imirimo ya banki igomba kuba ihagije kugira ngo ibashe guhaza ubwinshi n’ubwoko bwa serivisi ziteganywa gutangwa mu ruhando rw’ipiganwa rihambaye. The applicant’s capital shall be adequate to support the projected volume and category of banking in a highly competitive activities planned environment. Le capital du requérant doit être suffisant pour faire face au volume et au type de prestations bancaires prévues dans un environnement hautement concurrentiel. Imari shingiro y’usaba gukora umurimo w’amabanki nka banki y’ubucuruzi The applicant proposing to conduct banking activities as a commercial bank, shall have a Le requérant qui souhaite exercer des activités bancaires en tant que banque commerciale doit 9 agomba kuba afite imari shingiro itari munsi y’amafaranga y’u Rwanda miliyari makubyabiri (20.000.000.000 FRW). Imari shingiro y’usaba gukora umurimo w’amabanki nka banki y’iterambere agomba kuba afite imari shingiro itari munsi y’amafaranga y’u Rwanda miliyari mirongo itanu (50.000.000.000 FRW). nka Imari shingiro y’usaba gukora umurimo w’amabanki banki y’abanyamuryango agomba kuba afite imari shingiro itari munsi y’amafaranga icumi Rwanda y’u (10.000.000.000 FRW). miliyari Official Gazette no. 01 of 07/01/2019 minimum paid up cash capital of not less twenty billion Rwanda Francs (FRW 20,000,000,000). The applicant proposing to conduct banking activities as a development bank, shall have a paid up cash capital of not less than fifty billion Rwanda Francs (FRW 50,000,000,000). to conduct banking The applicant proposing activities as a cooperative bank, shall have a paid up cash capital of not less than ten billion Rwanda Francs (FRW 10,000,000,000). disposer d’un capital en numéraire libéré d’au moins vingt milliards de francs rwandais (20.000.000.000 FRW). Le requérant souhaitant d’exercer des activités bancaires en tant que banque de développement doit disposer d’un capital en numéraire libéré d’au moins cinquante milliards de francs rwandais (50.000.000.000 FRW). Le requérant souhaitant d’exercer des activités bancaires en tant que banque cooperative doit disposer d’un capital en numéraire libéré d’au moins dix milliards de rwandais (10.000.000.000 FRW). francs Imari shingiro y’usaba gukora umurimo w’amabanki nka banki y’imiturire agomba kuba afite imari shingiro itari munsi y’amafaranga y’u Rwanda miliyari icumi (10.000.000.000 FRW). to conduct banking The applicant proposing activities as a mortgage bank, shall have a paid up cash capital of not less than ten billion Rwanda Francs (FRW 10,000,000,000). Le requérant souhaitant d’exercer des activités bancaires en tant que banque hypothécaire doit disposer d’un capital en numéraire libéré d’au moins dix milliards de rwandais (10.000.000.000 FRW). francs usaba uruhushya Umuntu rwo kwemererwa gukora agomba kugaragaza ubushobozi afite bwo guhorana imari idahungabanywa n’igihombo ku gipimo cyagenwe, idashobora kujya munsi igihe cyose kandi akubahiriza icyitegererezo ihagije gihoraho igenwa hakurikijwe amabwiriza rusange n’amabwiriza ya Banki Nkuru. cy’imari shingiro The applicant for a licence shall demonstrate the ability to maintain its capital funds, unimpaired by losses at the prescribed minimum amount at all times and to comply with the ongoing capital adequacy ratios established in accordance with the Central Bank regulations and directives. Le requérant d'agréement doit démontrer qu'il est capable de maintenir ses fonds propres sans subir de pertes du montant minimal prescrit en tout temps, et de respecter les ratios de fonds propres établis conformément aux règlements et directives de la Banque Centrale. 10 Official Gazette no. 01 of 07/01/2019

Ingingo ya 5: shingiro Article 5: Ownership structure Article 5: Structure de l'actionnariat Ingingo ya 5: shingiro Imiterere y’imari Article 5: Ownership structure Article 5: Structure de l'actionnariat gukora Mu miterere y’imigabane ya banki isaba kwemererwa hagomba kugaragaramo ugukorera mu mucyo guhagije kugira ngo byorohereze Banki Nkuru gusuzuma abashoye imigabane mu kigo, baba abayishoye ku buryo buziguye ndetse n’ubutaziguye, ndetse n’ibigo bigishamikiyeho. There shall be sufficient transparency in the ownership structure of the proposed bank so as to enable the Central Bank to evaluate the bank significant direct and indirect shareholders and their corporate affiliations. La structure de l'actionnariat de la banque proposée doit être suffisamment transparente pour permettre à la Banque Centrale d'évaluer des actionnaires importants directs et indirects de la banque et leurs affiliations. Banki Nkuru isuzuma imirimo ya kera y’ubucuruzi yo mu rwego rwa banki n’iyo mu rwego rutari urwa banki, yakozwe n’abafite myinshi, imigabane ubudakemwa bwabo n’uburyo bahagaze mu rubuga rw’abacuruzi, n’ubushobozi mu imigabane myinshi bose bafite n’ubushobozi bafite bwo kongera gutanga indi nkunga y’imari, biramutse bikenewe. abashoye by’imari Dosiye isaba kwemererwa gukora, ariko umwe mu bafite imigabane myinshi akaba atujuje ibisabwa mu bijyanye n’ubunyangamugayo n’ubushobozi nk’uko biteganywa mu mabwiriza rusange imiyoborere y’amabanki, ntiyemererwa. yerekeye Inkomoko y’imari shingiro y’ibanze igomba gushorwa n’indi mari iteganywa gushorwa igomba kumenyeshwa Banki Nkuru, kimwe n’ijanisha ry’imigabane rya buri munyamigabane wese. The Central Bank shall review the significant shareholders’ past banking and non- banking business ventures, their integrity and standing in the business community, as well as the financial strength and their ability to provide further financial support, should it be needed. La Banque Centrale examine les activités antérieures des actionnaires importants, que ce soit dans le secteur bancaire ou non bancaire, leur intégrité et la réputation dont ils jouissent dans le domaine des affaires, ainsi que la solidité financière de tous les actionnaires importants et leur capacité à fournir un soutien financier additionnel, en cas de besoin. An application, in which one of the significant shareholders does not satisfy the fit and proper person criteria as defined in the regulation on corporate governance for banks, shall be rejected. laquelle Une demande dans l'un des actionnaires importants ne remplit pas les critères d’intégrité et de compétences comme prévue dans la gouvernance des banques, est rejetée. règlement relatif á le The source of the initial capital to be invested and that of any future funding, shall be disclosed to the the percentage Central Bank, as well as shareholding of each shareholder. La source du capital initial à investir et celle de tout financement futur sont communiquées à la Banque Centrale, ainsi que le pourcentage de participation de chaque actionnaire. 11 cye ikigo, cyangwa Buri munyamigabane yaba ari umuntu ku giti agomba gushyikiriza Banki Nkuru inyandiko iri ku mugereka wa 5 w’aya mabwiriza rusange yemeza ko umutungo wifuzwa gushorwa bikorwa udaturuka mu bitemewe n’amategeko, mu byaha no mu bikorwa bikemangwa. Official Gazette no. 01 of 07/01/2019 proposed individual Each and significant institutional shareholder shall submit declaration provided in Appendix 5 of this regulation, a statement to the effect that the proposed capital of funding is not from illegal, criminal and suspicious activities. Chaque actionnaire important individuel et institutionnel proposé doit soumettre une déclaration, fournie à l’annexe 5 du présent règlement, le capital de financement proposé ne provient pas d’activités illégales, criminelles ou suspectes. indiquant que Banki Nkuru ishobora gukora iperereza ku nkomoko y’iyo mari kugira ngo yizere ko itakomotse mu bikorwa biteremewe n’amategeko, mu byaha no mu bikorwa bikemangwa.

Ingingo ya 6: Urwego rw’abayobozi bakuru muri banki Article 6: Status of the bank’ senior managers Article 6: Statut de cadres dirigeants de la banque Ingingo ya 6: Urwego rw’abayobozi bakuru muri banki Usaba kwemererwa gukora agomba kugaragaza, ku buryo bunyuze Banki Nkuru, ko abayobozi bayo bujuje byerekeye mu ibisabwa ubunyangamugayo n’ubushobozi nk’uko biteganywa mu mabwiriza rusange yerekeye imiyoborere y’amabanki. Abari mu nama y’ubuyobozi n’abakozi bakuru bagomba kuba bafite ubumenyi buri ku rwego rutuma babasha gukora imirimo y’ubucuruzi banafite ubushobozi bwo gupigana n’ibindi bigo by’imari bihari. The Central Bank may investigate the source of such funds to ensure funds are not derived from illegal, criminal and suspicious activities. Article 6: Status of the bank’ senior managers The applicant shall prove, to the satisfaction of the Central Bank senior the management satisfies the fit and proper criteria as defined in the regulation on corporate governance for banks. applicant’s that The directors and senior managers shall have relevant qualifications (both academics and profession) and experience at a level, which shall enable them to conduct business competently and competitively with existing financial institutions. 12 La Banque Centrale peut enquêter sur l'origine de ces fonds pour s'assurer que ceux-ci ne proviennent illégales, criminelles ou suspectes. d'activités pas Article 6: Statut de cadres dirigeants de la banque Le requérant doit prouver, à la satisfaction de la Banque Centrale, que sa direction générale satisfait aux critères de d’intégrité et de compétences tels que définis dans le règlement relatif á la gouvernance des banques. les posséder et Les administrateurs et les cadres supérieurs qualifications doivent (universitaires et l’expérience requises pour pouvoir mener leurs activités de manière compétente et compétitive par financières existantes. professionnelles) rapport aux institutions Official Gazette no. 01 of 07/01/2019

Ingingo ya 7: Impamyabushobozi n’uburambe bw’abakozi bakuru Article 7: Qualification and experience of Senior Managers Article 7: Qualification et expérience des cadres dirigeants 2 Official Gazette no. 01 of 07/01/2019 Ingingo ya 7: Impamyabushobozi n’uburambe bw’abakozi bakuru Article 7: Qualification and experience of Senior Managers Article 7: Qualification et expérience des cadres dirigeants by’ibaruramari, Umuyobozi mukuru wa banki agomba kuba afite imwe mu mpabyabushubozi mu icungamari, amabanki by’umwuga nka ACCA, CFA, CPA cyangwa biri ziri ku rwego rumwe; cyangwa icyiro cya gatatu cya kaminuza mu ibaruramari, icungamari, ubukungu, ikoranabuhanga mu icungamutungo, icunga mutungo , amategeko cyangwa bijya 5 n’imyaka y’uburambe mu miyoborere cyangwa ubuyobozi bukuru. byibura gusa ushinzwe Umukozi mukuru imari n’ushinzwe ibikorwa ba banki bagomba kuba bafite imwe mu mpamyabushobozi za ACCA, CPA, CFA cyangwa izindi ziri ku rwego rumwe n’uburambe bw’imyaka byibuza itatu mu buyobozi mu bigo by’ubugenzuzi by’imari, mu bigo bw’ibigo ibigo bifitanye isano; cyangwa by’imari afite kuba Umukozi mukuru ushinzwe igenzura ry’imbere cyangwa ukuriye uwo murimo imwe mu agomba igenzura mpamyabushobozi ry’imbere, ACCA, CPA, CFA cyangwa indi iri ku rwego rumwe n’uburambe bw’imyaka itatu mu buyobozi mu bigo by’imari, ibigo by’ubugenzuzi bw’imari cyangwa ibigo bijya gusa na byo; mu The Chief Executive Officer or Managing Director shall be a holder of one of a professional certificate in accounting, finance, banking like ACCA CPA, CFA or a Master’s Degree in accounting, finance, economics, business administration, business information system, law or similar qualifications and at least 5 years of experience in leadership or senior Managerial positions. Le directeur général doit être titulaire de l'un de certificat professionnel en comptabilité, en finance, en banque, comme l'ACCA, CPA ou CFA, ou d'une maîtrise en comptabilité, en finance, en économie, en administration des affaires, en système d'information d'entreprise, droit et au moins cinq ans d’expérience dans des postes de leadership ou de direction. The Chief Finance Officer and the Chief Operating Officer of a bank or heads of such functions shall be holders of one of a professional certificate like ACCA, CPA or CFA or similar certification with at least three years of experience in managerial positions in financial institution, auditing firms or related institutions; Le chef des finances et le chef des operations d’une banque ou le responsable de ces fonctions doivent être titulaires d’un de certificat professionnel tel que l’ACCA, le CPA ou le CFA ou une certification similaire et au moins trois ans d’expérience à des postes de direction dans une institution financière, un cabinet d’audit ou des institutions similaires. The Chief Internal Auditor or Head of internal audit function shall be a holder one of a professional certificate in internal auditing, ACCA, CPA, CFA or similar certification and at least three years of experience in managerial positions in financial institution or auditing firms or related insitutions; Le chef d'audit interne ou le responsable de la fonction de l’audit interne doit être titulaire d'un de certificat professionnel en audit interne, ACCA, CPA, CFA ou d'une certification similaire et avoir au moins trois ans d'expérience à des postes de direction dans une institution financière, un cabinet d'audit ou une institution similaires. 13 cyangwa agomba uhagariye kuba Umukozi mukuru ushinzwe gucunga uwo ingorane afite murumo impamyabushobozi gucunga ingorane, ACCA, CFA, CPA cyangwa iri ku rwego rumwe n’uburambe bw’imyaka itatu mu buyobozi mu bigo by’imari, ibigo by’ubugenzuzi bw’imari cyangwa ibigo bifitanye isano na byo; mu ushinzwe mukuru Umukozi ikoranabuhanga cyangwa uhagariye uwo murimo afite impamyabushobozi mu ikoranabuhanga itatu itumanaho mu y’uburambe mu buyobozi; n’imyaka agomba kuba Official Gazette no. 01 of 07/01/2019 The Chief Risk Officer or the head of the risk function shall be a holder of one of a professional certificate in risk management, ACCA, CFA, CPA or similar certification and at least three years of experience in managerial position in financial institution, auditing firms or related institutions; Le Chef de risques ou le responsable de la function de risques doit être titulaire d'un certificat professionnel en gestion des risques, une certification ACCA, CFA, CPA ou une certification similaire, et au moins trois années d’expérience à des postes de direction dans une institution financière, un cabinet d’audit ou une institution apparentée. The Chief Information Officer or the head of such function shall be a holder of a professional certificate in information technology and at least three years of experience in managerial position. Le chef du systeme d’information ou le rsponsable de cette fonction doit être titulaire d'un certificat professionnel en technologies de l'information ans et d'au moins d'expérience à des postes de direction. trois Abandi bakozi bakuru bagomba kuba bafite impamyabushobozi mu bijyanye n’amabanki cyangwa impamyabushobozi zihuye n’imirimo bashinzwe n’uburambe bw’imyaka itatu muri serivisi z’imari cyangwa serivisi bifitanye isano; Other Senior Managers shall be holders of a professional certificate in banking or other relevant professional certification compatible with their positions and at least three years of experience in financial services or related field; ou Les autres cadres dirigeants doivent être titulaires d'un certificat professionnel en banque certification professionnelle pertinente compatible avec leurs postes et d'au moins trois ans d'expérience dans les services financiers ou dans un domaine connexe. d'une autre

Ingingo ya 8: Ibyihariye Banki Nkuru yibandaho mu kwemerera banki gutangira imirimo Article 8: Specific considerations by the Central Bank in licensing Article 8: Considérations spécifiques de la Banque Centrale en matière d’agrements Ingingo ya 8: Ibyihariye Banki Nkuru yibandaho mu kwemerera banki gutangira imirimo ibyitabwaho bisobanurwa mu Uretse ngingo kuva ku ya 4 kugeza ku ya 6 y’aya mabwiriza, Banki Nkuru yita no kuri ibi bikurikira mu gutanga cyangwa kutanga icyemezo cyo kwemererwa gukora: Article 8: Specific considerations by the Central Bank in licensing Article 8: Considérations spécifiques de la Banque Centrale en matière d’agrements In addition to the considerations specified in articles 4 to 6 of this regulation, the Central Bank shall further take into account the following as the basis of issuing or not issuing the licence: Outre les considérations énoncées aux articles 4 à 6 du présent règlement, la Banque Centrale prend en compte les éléments suivants pour accorder l’agréement ou non : 14 Official Gazette no. 01 of 07/01/2019 1° the expected role for the proposed bank in meeting identified needs for a particular area or sector of the economy to be served by it through a carefully conceived strategy as well as the overall contribution to the Rwandan economy; 1° uruhare isaba banki kwemererwa gukora iteganya kugira mu gucyemura ibibazo cyiciro byagaragajwe mu cyangwa runaka urwego rw’ubukungu iyo banki ishaka imishinga kugiramo ingamba yifashishije zateguranywe ubushishozi ndeste n’uruhare mu bukungu by’u Rwanda; à en constitution 1° toute contribution envisagée par la la banque satisfaction des besoins identifiés dans un domaine ou un secteur donné de l’économie dans lequel elle entend intervenir au moyen d’une stratégie mûrement conçue ainsi que de sa contribution globale à l’économie rwandaise; 2° ingamba rusange usaba kwemererwa ateganya kugira ngo agire amahirwe ku isoko zikubiye muri gahunda y’ibikorwa bifatika harimo n’isesengura ry’ibishobora gukorwa. udushya 3° Ibicuruzwa cyangwa serivisi ndetse w’ubucuruzi ugereranije zihanga n’umurongo mushya n’ibisanzwe ku isoko; 2° the overall strategy of the applicant for succeeding in the market expressed into a business plan to support a comprehensive performance and viability analysis; 3° innovative products or a new business model compared to existing on the market; 2° la stratégie globale du requérant visant à réussir sur le marché, exprimée dans un plan d'entreprise visant à soutenir une analyse complète de la performance et de la viabilité; 3° des produits innovants ou un nouveau modèle d’affaire par rapport à ceux existant sur le marché; 4° imiterere y’usaba mu bijyanye ubuyobozi, n’amategeko, imikorere n’imiterere y’imari shingiro ndeste n’itsinda usaba abarizwamo bitahungabanya kuri ubugenzuzi banki cyangwa mu itsinda ibarizwamo; bukwiye 4° the proposed legal, managerial, operational and ownership structures of the applicant and its wider group will not hinder effective supervision on both a solo and a consolidated basis; 15 4° les de et structures juridiques, managériales, gestion, actionariat opérationnelles proposées du requérant et de son groupe élargi ne faisant pas obstacle à une supervision efficace, tant sur une que base consolidée; individuelle Official Gazette no. 01 of 07/01/2019 niba 5° gusuzuma imiterere kwemererwa y’usaba itabangamira ishyirwa mu bikorwa ry’ingamba zikosora zafatwa. 5° determines, where appropriate, that the structures will not hinder implementation of corrective applicant effective measures in the future. 5° détermine, le cas échéant, que les requérant du structures n'empêcheront pas la mise en œuvre effective des mesures correctives à l'avenir.

Ingingo ya 9: Kutabangamira igenzura Article 9: No hindrance to supervision Article 9: Non entrave à la supervision III: UBURYO UMUTWE WA BUKORESHWA MU KWEMERERA GUKORA Ingingo ya 9: Kutabangamira igenzura Article 9: No hindrance to supervision Article 9: Non entrave à la supervision ihari, nk’ibura Usaba agomba kugenzura ko nta mpamvu ry’amakuru n’imwe cyangwa ubucye bwayo no kudakorera mu mucyo, byabangamira amaperereza akorwa nyuma yo gutanga dosiye isaba kwemererwa cyangwa yabuza igenzura nyuma yo guhabwa uruhushya rwo gukora. byerekeye abasaba Ku b’abanyamahanga, ni ngombwa ko habaho urwego rw’imikoranire hagati ya Banki Nkuru n’umugenzuzi wo mu gihugu usaba akomokamo kugira ngo habeho igenzura rihurije hamwe. UMUTWE WA III: UBURYO BUKORESHWA MU KWEMERERA GUKORA

Ingingo ya 10: Gusaba kwemererwa gukora CHAPTER III: LICENSING PROCEDURES CHAPITRE D’AGREMENT III: PROCEDURES Article 10: Application for a license Article 10: Demande d’agrément Ingingo ya 10: Gusaba kwemererwa gukora The applicant shall ensure that there is no factor, such as unavailability or inadequacy of information and lack of transparency, which may hinder the conduct of investigation after the submission of his or her application or inhibit effective supervision after the issuance of a licence. l’indisponibilité Le requérant doit s’assurer qu’aucun facteur, tel l’insuffisance que d’information et le manque de transparence, n’entrave la conduite d’enquêtes après le dépôt de sa demande ou n’empêche une supervision efficace après la délivrance d’un agrément. ou With respect to foreign applicants, a level of cooperation between the Central Bank and the home country supervisor shall need to be established to permit the conduct of consolidated supervision. En ce qui concerne les requérants étrangers, un certain degré de coopération entre la Banque Centrale et l’organe de supervision du pays d’origine doit être établi pour favoriser la conduite d’une supervision consolidée. CHAPTER III: LICENSING PROCEDURES CHAPITRE D’AGREMENT III : PROCEDURES Article 10: Application for a license Article 10: Demande d’agrément Dosiye isaba uruhushya rwo kwemererwa gukora itegurwa nk’uko biteganijwe ku mugereka wa 2 w’aya mabwiriza rusange, kandi igaherekezwa n’inyandiko An application for a licence shall be made in the form set out in Appendix 2 of this regulation, and shall be accompanied by the supporting documents specified in article 11 of this regulation. Toute demande d’agrément doit être formulée sous la forme décrite à l’Annexe 2 du present règlement, et doit être accompagnée par les documents justificatifs spécifiés à l’article 11 du présent règlement. 16 Official Gazette no. 01 of 07/01/2019 zishyigikira isaba zivugwa mu ngingo ya 11 y’aya mabwiriza rusange. Dosiye isaba uruhushya rwo kwemererwa icyiciro gukora igomba gusobanura cy’uruhushya n’imirimo y’amabanki usaba ateganya gukora. gisabwa An application for a licence must specify the class of licence being applied and banking activities that the applicant intends to carry out. Toute demande d’agrément doit préciser la catégorie d’agrément qui est sollicitée et les activités bancaires que le requérant envisage d’exercer. isaba uruhushya rwo Buri dosiye kwemererwa iherekezwa gukora n’amafaranga adasubizwa angana na miriyoni y’u Rwanda (2.000.000 FRW). y’amafaranga ebyiri A non-refundable application fee of Rwanda Francs one million (2,000,000 FRW) shall accompany each application for a licence. Chaque demande d’agrément doit être accompagnée des frais non remboursables de rwandais deux million (2.000.000FRW). francs de

Ingingo ya 11: Amakuru n’inyandiko za ngombwa Article 11: documents Information and supporting Article 11: Information et documents d’appui Ingingo ya 11: Amakuru n’inyandiko za ngombwa Article 11: documents Information and supporting Article 11: Information et documents d’appui Kugira ngo hubahirizwe ibisabwa mu itegeko rigena imitunganyirize y’imirimo y’amabanki, buri dosiye yose isaba rwo kwemererwa gukora uruhushya n’inyandiko guherekezwa igomba zikurikira: 1° ifishi iriho amakuru yerekeye usaba kwemererwa gukora n’aya buri wese mu bafite imigabane igaragara (iyo ari ikigo), n’ayerekeye amasosiyete usaba afitemo imigabane cyangwa amashami mu buryo busobanuwe ku Mugereka wa 3 ; To comply with the requirements provided in the law governing the organization of banking, each application for a licence shall be accompanied by the following supporting documents: Afin de satisfaire aux exigences énoncées dans la loi portant organisation de l’activité bancaire, chaque demande d’agrément doit être accompagnée des documents suivants: 1° an information sheet for the applicant and for each of its significant shareholders (if corporate), subsidiaries or affiliates in the form set out in Appendix 3; 1° une fiche d’information pour le requérant et pour chacun de ses actionnaires importants (s’il s’agit de sociétés), ainsi que pour ses filiales ou sociétés affiliées dans la forme indiquée à l’Annexe 3 ; 17 Official Gazette no. 01 of 07/01/2019 2° a personal declaration form for each of the proposed significant shareholder ( if natural person ), directors and senior managers in the form set out in Appendix 4 ; 2° une déclaration individuelle de chacun des futurs administrateurs, dirigeants actionnaires et importants (s’il s’agit de personnes physiques) dans la forme indiquée à l’Annexe 4 ; mu 2° urupapuro rw’imenyekanisha rw’umuntu ku giti cye kuri buri wese mu bateganya gushyirwa nama y’ubuyobozi, abakozi bo mu myanya y’ubuyobozi n’abafite imigabane myinshi (iyo ari abantu ku giti cyabo) mu buryo ku Mugereka wa 4; busobanuwe 3° raporo y’umwenda y’usaba kwemererwa gukora, n’iza buri wese mu bafite imigabane igaragara, iz’abateganywa mu nama y’ubutegetsi n’abakozi bo mu myanya bakuru y’ubuyobozi na zitanzwe banki bakorana; 3° individual credit report for the applicant and each of the significant shareholders, proposed directors and senior managers from a licensed credit bureau; 3° le rapport de crédit individuelle du requérant chacun des et de des actionnaires administrateurs proposés et de cadres supérieurs provenant d'un bureau de crédit agréé; importants, 4° imiterere y’imari shingiro 4° a proposed capital structure; iteganyijwe; 4° la structure de capital proposée; 5° gahunda y’ibikorwa: 5° a business plan that : 5° un plan d’affaires qui : a) ikubiyemo isengura ibikorwa ry’isoko, bizakorwa, uburyo ibikorwa bizagera ku ingorane bakiliya, kuvuka zishobora a) include a detailed market analysis, planned products, proposed channels of delivery, attendant risks and mitigation strategies; a) inclus une analyse de marché détaillée, les produits proposés, les canaux de distribution prévus, les risques associés et les stratégies d'atténuation; 18 n’uburyo kuzigabanya; bwo b) kuba ikubiyemo gahunda y’imari iteganijwe mu gihe cy’imyaka itanu; c) kuba ikubiyemo isesengura ry’imyumvikanire y’iyo gahunda mihindukire y’ibikorwa biteganywa; ku d) ikubiyemo amakuru ahagije ku nkomoko y’umutungo y’abanyamigabane mu gushora imari mu kigo; e) yerekana uko imiterere iteye n’uko y’ikigo izagenzurwa; f) ikubiyemo gahunda ihamye mu gucungana zaturuka n’ingorane ku ku nguzanyo, gipimo cy’amafaranga abitse, cy’ivunjisha, ku gipimo cy’inyungu, ku Official Gazette no. 01 of 07/01/2019 b) include financial detailed projections for at least five years ; b) inclus des projections financières détaillées pour au moins cinq ans ; c) include assumptions underlying the sensitivity analysis; c) inclus des hypothèses sous-tendant et l'analyse de sensibilité ; d) include sufficient information on the the financial resources of founders to support the institution; d) inclus des informations suffisantes sur les ressources financières des fondateurs soutenir pour l'institution; e) describe how the institution is to be controlled and organised internally; f) a description include of comprehensive risk management liquidity, systems foreign exchange, interest rate, operational and other risks; credit, for e) décrit comment l’institution doit être organisée et contrôlée en interne; f) inclus une description des systèmes complets de gestion des risques les risques de crédit, de pour liquidité, de change, de taux d’intérêt, opérationnels et autres; 19 Official Gazette no. 01 of 07/01/2019 mikorere bibazo; n’ibindi g) kugaragaza politiki usaba n’iyo afite ateganya ku byerekeye kwishyura inyungu z’imigabane; g) disclose the applicant’s current and contemplated future policy with regard to the payment of dividends; g) divulguer la politique actuelle et future envisagée du requérant en ce le paiement de qui concerne dividendes; 6° Icyemezo cy’ishingwa nka rya sosiyete sosiyete rubanda ihamagarira imigabane; kuyiguramo Amasezerano n’Amategeko Shingiro bya sosiyete; icyemo cyo amategeko nshingiro na ngenga mikorere kuri koperative; gukora, 6° the Certificate of Incorporation as a public limited company; the Memorandum and Articles of Association for a company and the Certificate of registration, statutes and internal rules for a cooperative; société publique; 6° le certificat de constitution en tant que l'acte constitutif et les statuts d'une société et le certificat d'enregistrement, les statuts et le règlement d’ordre intérieur pour les coopérative; 7° kopi za rapori z’imari itatu zagenzuwe z’imyaka ishize kandi ziteguwe nk’uko bisabwa n’amahame y’ibaruramari mu gihe ari ikigo cyangwa cy’imari sosiyete yari isanzwe ikora; 7° certified copies of audited financial statements for the past three years and prepared in accordance with generally accepted accounting principles for the existing and companies which have been engaged in other businesses before applying to conduct the banking activity; institutions financial et aux exercices 7° des copies certifiées des états financiers audités pour les trois établis derniers conformément principes comptables généralement admis, pour les institutions financières et entreprises existantes qui ont été engagées dans d’autres activités avant de solliciter l’autorisation d’exercer l’activité bancaire ; 8° kopi y’umwazuro w’abagize inama y’ubutegesti cyangwa yemeza abanyamigabane 8° a certified copy of the resolution of the shareholders Board of Directors or authorizing the preparation and submission of the application; 8° une copie certifiée de la résolution d’administration du autorisant la préparation et le dépôt de la demande ; Conseil 20 Official Gazette no. 01 of 07/01/2019 gusaba kwemerewa gukora umurimo w’amabanki; 9° Icyemezo cy’ubwishyu cy’amafaranga adasubizwa; 9° a proof of payment of the nonrefundable fee; 9° une preuve de paiement des frais non remboursables ; 10° andi makuru agaragaza ubushobozi bw’usaba n’andi makuru usaba yabona ko akenewe; 10° any other information relating to the viability of the proposed institution or other matters which the applicant may consider relevant; and 10° toute autre information concernant la viabilité de institution à créer ou tous autres le éléments que requérant peut juger pertinents ; 11° andi makuru Banki Nkuru yabona ko ari ngombwa. 11° any other information which the Central Bank may request the applicant to provide. 11° toute autre information que la Banque Centrale pourrait demander au requérant de fournir. Gutanga amakuru atari yo cyangwa yo kuyobya bituma usaba kwemererwa gukora afatwa nk’utujuje ibisabwa kandi biba impamvu zihagije zishingirwaho mu kumuhakanira cyangwa kwamburwa uruhushya rwo gukora, iyo rwatanzwe. The submission of any untrue or misleading information shall render the applicant a person not fit and proper and shall constitute sufficient grounds for rejection of the application or revocation of the licence, where a licence has been granted. La transmission d’informations fausses ou trompeuses disqualifie le requérant et constitue de motifs suffisants de rejet de la demande ou de révocation de l’agrément, dans le cas où un agrément aurait été accordé.

Ingingo ya 12: Ibisabwa byihariye kuri banki banki y’inyamahanga yemererwe gukora yabyawe na Article 12: Specific required information for a subsidiary of the foreign bank Article 12: Informations spécifiques requises pour une filiale de la banque étrangère Ingingo rumenyekanisha ya 13: Urwandiko Ingingo ya 12: Ibisabwa byihariye kuri banki banki y’inyamahanga yemererwe gukora yabyawe na Uretse ibiteganijwa mu ngingo ya 11 y’aya mabwiriza banki y’inyamahanga yifuza gushinga banki iyikomokaho igomba gutanga amakuru akurikira: rusange, 1° inyandiko mvugo y’urwego rw’ubugenzuzi rwo mu gihugu ko akomokamo rwemera Article 12: Specific required information for a subsidiary of the foreign bank Article 12: Informations spécifiques requises pour une filiale de la banque étrangère In addition to requirements provided in Article 11 of this regulation, a foreign bank wishing to establish a banking subsidiary shall submit the following information and supporting documents: Outre les exigences prevues à l’article 11 du présent règlement, une banque étrangère qui souhaite créer une filiale bancaire transmet les informations et pièces justificatives suivantes: 1° a letter of no objection from the home supervisory authority recommending the 21 1° une lettre de non-objection de l'autorité de contrôle du pays au d'origine recommandant Official Gazette no. 01 of 07/01/2019 usaba yemerewe gukorera mu Rwanda; applicant Rwanda; to establish subsidiary in requérant d'établir une filiale au Rwanda; 2° inyandiko y’urwego rw’ubugenzuzi rwo mu gihugu ko rwemeza akomokamo akora igenzura rihujwe; 3° inyandiko y’urwego rw’ubugenzuzi rwo mu gihugu akomokamo yerekana ko hari bushake gukorana bwo amasezerano y’ubwumvikane mu bijyanye no guhererekanya amkuru gucinga no ihungabana no kuririnda ; 4° andi makuru Banki Nkuru akenewe mu yabona ko gusesengura ubusabe. 2° a confirmation from the home supervisor the consolidated that he undertakes supervision; 2° une confirmation de l'autorité de contrôle du pays d'origine qu'il exerce la surveillance consolidée; 3° a statement from the home supervisor that he is willing to enter into a memorandum of understanding with regard to exchange of information and crisis management and resolutions; 3° une déclaration de l'autorité de contrôle du pays d'origine indiquant qu'il est disposé à signer un protocole d'accord en matière d'échange de gestion de crise et de résolutions; d'informations, 4° any other information that the Central Bank deems necessary to assess the applicant. 4° toute autre information que la Banque Centrale jugera nécessaire pour évaluer le requérant. Ingingo rumenyekanisha ya 13: Urwandiko

Article 13: Letter of information Article 13: Lettre d’information Article 13: Letter of information Article 13: Lettre d’information isaba Nyuma yo kwakira dosiye kwemererwa gukora n’inyandiko za ngombwa nk’uko biteganywa n’ingingo ya 11 n’iya 12 y’aya mabwiriza rusange, Banki Nkuru igomba, mu gihe cy’iminsi itarenze irindwi (10) y’akazi, koherereza usaba urwandiko rumumenyesha ko dosiye ye isaba kwemererwa gukora yuzuye cyangwa ko ituzuye. Upon receipt of an application form together with the requisite supporting documents as provided under articles 11 and 12 of this regulation, the Central Bank shall, within ten (10) working days, send the applicant a letter of information specifying that the file submitted for license is complete or not . Dès réception d’un formulaire de demande accompagné des frais requis et des documents d’appui prévus tel que prévu aux articles 11 et 12 du present reglement, la Banque Centrale doit, dans un délai de dix (10) jours ouvrables, envoyer au requérant une lettre d’information lui notifiant que le dossier soumis pour agrément est complet ou non. 22 Official Gazette no. 01 of 07/01/2019 Iyo bigaragaye ko inyandiko zatanzwe zuzuye, imirimo yo kuzisuzuma ihita itangira. If the documents submitted for license are found to be complete, the assessment or evaluation of the file will commence. Si les documents soumis pour agrément sont jugés complets, l’évaluation doit commencer. Mu gihe inyandiko zatanzwe zituzuye, urwandiko rugomba rumenyekanisha kugaragaza ibisabwa bitubahirijwe muri igihe dosiye ntarengwa ibisabwa bitubahirijwe, kandi nta kindi cyemezo Banki Nkuru ishobora gufata keretse iyo ibisabwa kuzuzwa bimaze kuzura mu gihe ntarengwa cyagenwe. yatanzwe, cyo igatanga kuzuza Where the documents submitted are not complete, the letter of information shall outline deficiencies in the application, provides a deadline for rectification of the deficiencies, and no further action shall be taken by the Central Bank unless the deficiencies are rectified within the period prescribed. Lorsque les documents soumis sont incomplets, la lettre d’information précise les insuffisances contenues dans la demande, indique un délai pour la rectification des insuffisances, et aucune autre action ne sera prise par la Banque Centrale à moins que ces insuffisances soient rectifiées dans le délai prescrit.

Ingingo ya 14: Isesengura ry’ubusabe Article 14: Analysis of the application Article 14: Analyse de la demande Ingingo ya 14: Isesengura ry’ubusabe Article 14: Analysis of the application Article 14: Analyse de la demande Banki Nkuru ubusabe ishingiye ku makuru yatanzwe n’usaba cyangwa amakuru yakuye ahandi hizewe. isesengura The Central Bank assess the application based on the applicant or information provided by information gathered from other reliable sources.

Ingingo ya 15: Igihe cyo gusubiza uwasabye n’icyemezo cya Banki Nkuru Article 15: Period to respond to the applicant and the Central Bank decision Article 15 : Délai pour répondre au requérant et la décision de la Banque Centrale Article 15: Period to respond to the applicant and the Central Bank decision La Banque Centrale évalue la demande en fonction des informations fournies par le requérant ou informations recueillies auprès d'autres sources fiables. Article 15 : Délai pour répondre au requérant et la décision de la Banque Centrale Ingingo ya 15: Igihe cyo gusubiza uwasabye n’icyemezo cya Banki Nkuru Mu gihe kitarenze ukwezi, nyuma yo kwakira dosiye yuzuye, Banki Nkuru itegura raporo y’isesengura ry’ubusabe kandi icyemezo cyafashwe. ikamenyesha usaba Iyo nta gisubizo kibonetse mu gihe cyavuzwe haruguru, Banki Nkuru imenyesha usaba impamvu z’iryo tinda mu gihe kitarenze iminsi cumi n’itanu igihe Banki (15). Icyakora, uhereye The Central Bank shall, within one month after receipt of a complete application prepare a detailed assessment report in respect of the application and communicate the decision to the applicant. La Banque Centrale doit prendre sa décision sur la demande d’agrément endéans un (1) mois à compter de la date à laquelle le dossier a satisfait à toutes les informations exigées. If no decision is communicated within the period stated above, the Central Bank notifies the applicant of the reasons of delay within fifteen (15) days. However, following the date on which the Bank has Si aucune décision n’est communiquée au cours de la période indiquée ci-dessus, la Banque Centrale informe le requérant des raisons du retard endéans quinze (15) jours. Toutefois, à compter de la date à laquelle elle a reçu la 23 idosiye yaboneye itanga igisubizo cya burundu mu gihe kitarenze amezi atatu (3). yuzuye, Official Gazette no. 01 of 07/01/2019 received the complete application, it communicates the final decision within three (3) months. demande complète, décision définitive endéans trois (3) mois. la Banque donne sa Iyo raporo yerekana icyemezo Banki Nkuru yafashe cyo: The report shall indicate the decision of the Central Bank to: Le rapport indique la décision de la Banque Centrale : 1° kuyemerera isanga kwemererwa gukora; yujuje gukora, iyo ibisabwa 2° gutanga uburenganzira bwo gukora habanje kubahirizwa ibyangombwa na bimwe Banki Nkuru ibona ko ari ngombwa ; bimwe 3° guha usaba uruhushya rwo igice y’amabanki gukora cy’imirimo afitiye ibisabwa byuzuye; rureba gusa 1° grant the licence, if it is satisfied that the application satisfies the requirements for licensing; 1° d’accorder l’agrément, si selon son appréciation la demande satisfait aux conditions d’agrément ; 2° grant the licence subject to the fulfilment of it may deem that certain conditions necessary; 2° d’accorder l’agrément sous réserve certaines que conditions qu’elle juge nécessaires; remplies soient 3° grant the applicant a licence covering only part of the bank business for the which requirements; or applicant meets limited the 3° d’accorder au requérant un agrément limité ne couvrant qu’une partie de l’activité bancaire pour laquelle elle remplit les conditions requises ; ou 4° kudatanga uruhushya rwo gukora mpamvu ku zisobanurwa mu nyandiko icyemezo imenyekanisha cyangwa mu cyafashwe rwandiko rwimana uruhushya. 4° refuse to grant the licence for reasons stated in the notice of decision or letter of refusal. 4° de refuser d’accorder l’agrément pour des motifs indiqués dans l’avis de décision ou la lettre de refus. 24

Ingingo ya 16: icyemezo Kumenyeshwa Article 16: Notification of the decision Article 16: Communication de la décision Ingingo ya 16: Kumenyeshwa icyemezo Article 16: Notification of the decision Article 16: Communication de la décision Official Gazette no. 01 of 07/01/2019 nyandiko Banki Nkuru igomba kumenyesha usaba cyo mu imirimo kumwemerera y’amabanki zo kutamwemerera. icyemezo impamvu cyangwa gukora The Central Bank must notify in writing the applicant of its decision to grant a banking licence or reasons for refusal to grant a banking licence. La Banque Centrale informe le requérant, par écrit, de sa décision d’accorder ou les raisons du refus d’accorder l’agrément.

Ingingo ya 17 : Ibindi bisabwa Article 17: Additional requirements Article 17: Conditions supplémentaires Ingingo ya 17 : Ibindi bisabwa Article 17: Additional requirements Article 17: Conditions supplémentaires Iyo Banki Nkuru ifashe icyemezo cyo gutanga uruhushya rwo gukora, igomba, mu nyandiko imenyesha icyemezo cyo gutanga uruhushya, gusaba ibi bikurikira: Where the Central Bank decides to grant a licence, it shall, in the notice communicating the decision to grant a licence, require the applicant to submit, the following: Lorsque la Banque Centrale décide d’accorder l’agrément, elle demande au requérant, dans l’avis faisant état de sa décision, de soumettre: 1° icyemezo cy’amafaranga yabitswe ku izina ry’usaba yabikije kigaragaza ko umubare w’amafaranga utegetswe utari munsi y’imari shingiro yashyizwe kuri konti muri Banki Nkuru; 2° gushyikiriza Banki Nkuru inyandiko zuzuye zisobanura imikorere, zikubiyemo politiki n’uburyo bukoreshwa mu gutanga inguzanyo, gushora imari, kubitsa amafaranga, ivunjisha n’indi mirimo y’ingenzi ikorwa na banki; 1° a certificate of deposit in the name of the applicant indicating that it has deposited an amount not less than the required minimum paid-up capital to applicant account opened in the Central Bank; 1° un certificat de dépôt au nom du requérant indiquant qu'il a déposé un montant au moins égal au capital liberé minimal le compte du requérant ouvert à la Banque Centrale; requis pour 2° provide the Central Bank with complete operating manuals, covering policies and procedures on loans, investments, deposits, foreign exchange and other major operations of the bank; les politiques 2° fournir à la Banque Centrale des manuels des opérations complets couvrant et procédures relatives aux prêts, aux investissements, aux dépôts, aux opérations de change et aux autres opérations la banque; importantes de 3° gutanga inyandiko za politiki gucungana no zijyanye 3° provide information regarding risk management policies and procedures 3° fournir des informations sur les politiques et procédures de gestion 25 n’ikibazo nguzanyo, cy’amafaranga cy’ivunjisha, cy’inyungu, n’ibindi bibazo; cyaturuka ku ku gipimo abitse, gipimo ku mikorere ku 4° gutanga amakuru ku bijyanye n’imicungire y’ikoranabuhanga, zizakorehwa n’imigereka; ingero amakuru n’uburyo ku 5° kugaragaza bijyanye banki izifashisha undi muntu mu yagira imirimo gukora ingaruka zikomeye; Official Gazette no. 01 of 07/01/2019 including credit, liquidity, interest rate, foreign exchange and operational risks; 4° provide information information regarding management systems, description of sample forms, reports and appendix of information technology; the des risques notamment les risques de crédit, de liquidité, de taux d'intérêt, et opérationnels; change de 4° fournir des informations sur la gestion de systèmes d'information, une description des exemples de formulaires, des rapports et des annexes de la technologie ; 5° provide information related to material together with outsourcing services information on service providers; 5° fournir des informations relatives aux services qui seront externalisés et leurs prestataires; 6° kwishyura amafaranga y’ikiguzi cy’uruhushya; 6° pay the licence fee prescribed under this regulation; 6° payer les frais d’agrément prescrit en vertu du présent règlement; 7° gutanga cyangwa Nkuru ngombwa. nyandiko izindi amakuru Banki ari yabona ko 7° provide any other documents or information, which the Central Bank may require. 7° fournir tout autre document ou information que la Banque Centrale pourrait exiger.

Ingingo ya 18: Igenzura ry’aho banki izakorera Article 18: Onsite visit of banking premises Article 18: Visite sur les lieux abritant l’activité 3 Official Gazette no. 01 of 07/01/2019 UMUTWE WA IV: URUHUSHYA N’IKIGUZI CYARWO N’IBINDI BISABWA Ingingo ya 18: Igenzura ry’aho banki izakorera Article 18: Onsite visit of banking premises Article 18: Visite sur les lieux abritant l’activité Hatitawe ku itangwa ry’uruhushya, nta banki yemerewe gutangiza imirimo itabanje kubyemererwa na Banki Nkuru Notwithstanding the issuance of a licence, no bank shall start its banking operations without prior clearance from the Central Bank, which shall la délivrance d’un agrément, Nonobstant aucune banque ne peut démarrer ses activités sans l’autorisation préalable de la Banque 26 Official Gazette no. 01 of 07/01/2019 kuko ari yo ikora igenzura ribanziriza itangizwa ry’imirimo ya banki. conduct a pre-opening inspection of the proposed banking premises. Centrale qui procède à une inspection préalable des locaux de la banque. ribanziriza itangizwa Igenzura rigenzura aho ry’imirimo ya banki rwo rwego iteganya gukorera mu kwemeza ko izakoreramo inyubako zibereye ugereranyije n’ibyo banki iteganya kuhakorera, ko ifite ibyumba bwo by’umutamenwa kubungabunga ibyuma bikoresha ikoranabuhanga n’ibikorwa- remezo biberanye by’itumanaho n’urwego rwa banki igiye kuhakorera. umutekano, n’uburyo The pre- opening inspection is to confirm the adequacy of the premises for the proposed business, verify strong rooms and vault and the existence of a security and electronic communication facilities suited to the type of bank concerned. equipment system, L’inspection préalable vise à confirmer l’adéquation des locaux à l’activité bancaire, vérifier des chambres fortes et des coffres et l’existence d’un système de sécurité, des équipements électroniques et des installations de communication adaptés à la catégorie de banque concernée. UMUTWE WA IV: URUHUSHYA N’IKIGUZI CYARWO N’IBINDI BISABWA

Ingingo ya 19: Ikiguzi cy’uruhushya rwo gukora n’icy’ibikorwa by’igenzura kwemererwa CHAPTER IV: LICENCE, FEES AND OTHER REQUIREMENTS CHAPITRE IV: AGREMENT, FRAIS ET D’AUTRES CONDITIONS Article 19: License and supervision fee Article 19 : Frais de licence et de supervision Ingingo ya 19: Ikiguzi cy’uruhushya gukora rwo n’icy’ibikorwa by’igenzura kwemererwa Banki nshyashya yishyura amafaranga y’ibanze y’ikiguzi cy’uruhushya rwo kwemererwa gukora angana na miriyoni eshanu z’amafaranga y’u Rwanda (5.000.000 FRW). CHAPTER IV: LICENCE, FEES AND OTHER REQUIREMENTS CHAPITRE IV: AGREMENT, FRAIS ET D’AUTRES CONDITIONS Article 19: License and supervision fee Article 19 : Frais de licence et de supervision Any newly licensed bank shall pay to the Central Bank a licence fee of five millions (5,000,000) Rwandan francs not later than one month after notification of the decision granting the licence. Une banque nouvellement agréée doit payer les frais de licence de cinq millions (5.000.000) de francs rwandais dans un délai ne dépassant pas un mois après la notification de la décision d'octroi de l’agréement. Nyuma ya buri mwaka w’imari, buri igomba banki ikorera mu Rwanda kwishyura Banki Nkuru ikiguzi cy’ibikorwa by’igenzura kingana na 0.5% y’umusaruro mbumbe wa banki wabonetse mu mwaka w’imari ushize. After each financial year, each bank operating in Rwanda shall pay to the Central Bank a supervision fee of 0.5% of the bank’s gross income generated in the previous financial year. This amount shall be paid within four (4) months after the end of the foregoing financial year. Après chaque année d’exercice financier, chaque banque opérant au Rwanda doit payer à la Banque Centrale les frais de supervision de 0,5% du revenu brut de la banque généré pendant l’exercice financier précédent. Ce montant est payable dans les quatre (4) mois qui 27 Official Gazette no. 01 of 07/01/2019 suivent susmentionné. la fin de l’exercice financier In any case, the amount of the supervision fee payable under the preceding paragraph shall not be less than five million (5,000,000) Rwandan Francs. Dans tous les cas, le montant des frais de supervision payable par la banque en vertu du paragraphe précédent ne doit pas être inférieur à cinq millions (5.000.000) de francs rwandais. For banks that have gross income which is above twenty billions (20,000,000,000) Rwandan Francs, the supervision fee shall be calculated by applying 0.5% on the first 20 billion and 0.05% on any additional amount above 20 billion. Pour les banques dont le revenu brut est au- dessus de vingt milliard de francs Rwandais (20.000.000.000FRW), les frais de supervision sont calculés en appliquant le taux de 0,5% sur la première tranche de 20 milliards de Francs rwandais et le taux 0,05% sur toute somme supplémentaire au-dessus de 20 Milliards. Ayo mafaranga yishyurwa mu gihe cy’amezi ane impera z’umwaka w’imari umaze kuvugwa hejuru. (4) akurikira Uko byagenda kose, ikiguzi cy’ibikorwa by’igenzura kigomba kwishyurwa na banki hakurikijwe igika kibanziriza iki ntigishobora kujya munsi ya miliyoni eshanu (5.000.000) z’amafaranga y’u Rwanda. y’u Kuri banki afite umusaruro mbumbe uri ya miliyari makumyabiri hejuru Rwanda y’amafaranga (20.000.000.000FRW), ikiguzi cy’ibikorwa by’igenzura kibarwa ku kuri miliyari 0.5% ijanisha makumyabili za mbere, na ho ijanisha rya 0.05% rigakoreshwa ku mafaranga arenga kuri miliyari makumyabili za mbere. rya Muri iyi ngingo, umusaruro mbumbe ugizwe na: For the purpose of this article, gross income include: Aux fins du présent article, le revenu brut comprend : 1° Umusaruro nyawo uvanywemo inyungu (Umusaruro wose ukomoka ku nyungu hakuwemo inyungu zishyuwe); 2° Umufuragiro; 3° Umusaruro ukomoka ku bikorwa byerekeranye n’amadevize; 1° Net interest Income (Gross Interest income minus Interest Expenses); 1° Revenu net d'intérêts (revenu brut d'intérêts moins les intérêts payés); 2° Fees and commissions; 2° Frais et commissions; 3° Foreign Exchange income; 3° revenus sur change; les opérations de 28 4° izindi nyungu hatabariwemo inyungu zidahoraho (nk’amafaranga akomoka kw’igurishwa ry’imitungo itimukanwa ku bikorwa by’ishoramari) ku n’inyungu bikorwa by’umwimerere wa banki (nk’ubukode n’impano). zidakomoka n’aturuka

Ingingo ya 20: ahagaragara gukora Igihe n’ishyirwa rwo ry’uruhushya Article 20: Duration and display of license Article 20 : Délai et affichage de la license UMUTWE WA BIHAGARARIYE Y’INYAMAHANGA V: IBIRO BANKI CHAPTER V: REPRESENTATIVE OFFICE OF A FOREING BANK CHAPITRE V : DU BUREAU DE REPRESENTATION D’UNE BANQUE ETRANGERE Ingingo ya 20: ahagaragara gukora Igihe n’ishyirwa rwo ry’uruhushya Official Gazette no. 01 of 07/01/2019 4° Any other income less non- recurrent income (such as gains on disposal of fixed asset or investment) and non-banking income (such as rental income or grant received). 4° tout autre revenu moins les revenus non récurrent (comme les gains provenant à la disposition des biens immobiliers ou provenant aux revenus investissements) et non provenant bancaires (comme les loyers et les donations reçues). les activités aux Article 20: Duration and display of license Article 20 : Délai et affichage de la license Uruhushya rutanzwe rugumana agaciro karwo kugeza igihe Banki Nkuru ivanyeho ako gaciro. Uruhushya rutanzwe hakurikijwe aya mabwiriza rusange rugomba, igihe cyose, kumanikwa ahantu hagaragarira bose ku cyicaro gikuru cya banki yaruhawe, kandi kopi zarwo na zo zikamanikwa muri ubwo buryo kuri buri biro by’amashami yayo. A licence granted shall remain valid unless revoked by the Central Bank. L’agrément accordé reste valable jusqu’à ce qu’il soit révoqué par la Banque Centrale. A licence granted shall, at all times, be displayed in a conspicuous place at the head office of the concerned bank, and copies of it shall be similarly displayed at each of its branch offices. Tout agrément accordé doit, en tout temps, être affiché dans un endroit remarquable par le public au siège de la banque concernée et des copies de l’agrément doivent être affichées de la même manière dans chacun des bureaux de ses branches. UMUTWE WA BIHAGARARIYE Y’INYAMAHANGA V: IBIRO BANKI CHAPTER V: REPRESENTATIVE OFFICE OF A FOREING BANK CHAPITRE V : DU BUREAU DE REPRESENTATION D’UNE BANQUE ETRANGERE

Ingingo ya 21: Ishingwa ry’ibiro bihagariye banki Article 21: Establishment of representative office Article 21: Etablissement d'un bureau de représentation 22: Uburenganzira bihagariye by’ibiro Ingingo ya n’inshingano banki Ingingo ya 21: Ishingwa ry’ibiro bihagariye banki Article 21: Establishment of representative office Article 21: Etablissement d'un bureau de représentation Banki y’inyamahanga ishobora gushinga ibiro bihagariye banki mu Rwanda. A foreign bank may establish a representation office in Rwanda. Une banque étrangère peut établir un bureau de représentation au Rwanda. 29 Kugira ngo, banki y’inyamahanga gushinga ibiro bihagariye banki mu Rwanda igomba kubisaba Banki Nkuru ikoresheje iri ku mugereka wa 2 w’aya mabwiriza rusange. Ubusabe bugomba kuba bukubiyemo inyandiko zikurikira: inyandiko isaba 1° Icyemezo cy’ubwishyu bw’amafaranga adasubizwa angana n’ibihumbi magana atanu y’u y’amafaranga Rwanda (500.000 FRW); 2° Inyandiko yujuje nk’uko igaragara ku mugereka wa 3 w’aya mabwiriza rusange; 3° Inyandiko y’umuntu ku giti cye yujuwe n’uhagariye ibiro ku nk’uko mugereka wa 4 w’aya mabwiriza rusange; bitegangwa 4° umwanzuro w’abagize inama y’ubutegetsi yemeza gushinga ibiro; 5° inyandiko y’umugenzuzi wa banki y’inyamahanga yemera inshigwa y’ibiro; Official Gazette no. 01 of 07/01/2019 foreign bank A to establish a that seeks representative office in Rwanda shall apply for the Central Bank using an authorization application form as found on Appendix 2 of this regulation. to Une banque étrangère qui souhaite d’établir un bureau de représentation au Rwanda doit demander une autorisation à la Banque Centrale en utilisant un formulaire de demande prévu à l'annexe 2 du présent règlement. Application shall include the following document: La demande doit inclure le document suivant: 1° a proof of payment of non-refundable application fee of FRW 500,000; 1° une preuve de paiement des frais de dossier non remboursables de 500 000 FRW; 2° Filled information sheet as per Appendix 3 of this regulation; 2° Formulaire rempli conformément à l'annexe 3 du présent règlement; 3° Filled personal information sheet for the proposed country representative as per Appendix 4 of this regulation ; 4° A certified copy of the Board resolution of the applicant, to establish a representative office ; 5° no objection from the home supervisor a establishment the of accepting representative office; 3° Une déclaration individuelle remplie par le représentant du bureau, conformément à l'annexe 4 du present règlement; du du bureau 4° Une copie certifiée conforme de la conseil requérant de résolution d'administration d'établir un représentation; 5° non objection de la part du superviseur d'origine acceptant l’établissement du bureau de représentation; 30 Official Gazette no. 01 of 07/01/2019 6° Aho banki y’inyamahanga ibarizwa n’uruhushya rwo gukora rumaze byibuze imyaka itanu; 6° foreign bank address and valid business certificate and licence evidencing its lawful existence for at least 5 years; 7° Amategeko shingiro n’inyandiko y’ubwumvikane; 8° Izina ry’ibiro n’aho bizakorera mu Rwanda; 7° foreign bank’s articles and memorandum of association; 8° intended name and location of the representative office in Rwanda; 9° Icyemezo cy’ishingwa rya biro gitangwa n’Umwanditsi Mukuru mu Rwanda; 10° andi makuru Banki Nkuru yasanga ari ngombwa. 9° Certificate of incorporation from office of Registrar General in Rwanda; 10° any other information that may be required by the Central Bank; certificat 6° une adresse de banque étrangère, d’enregistement un valide et un agrément banciare attestant légale son existence depuis au moins cinq (5) ans; 7° statuts et document de constitution de banque étrangère; 8° le nom et l'emplacement prévus du au représentation bureau de Rwanda; 9° Certificat de constitution du bureau du registraire général au Rwanda; 10° toute autre information pouvant la Banque requise par être Centrale; Ingingo 22: Uburenganzira n’inshingano by’ibiro bihagariye banki ya

Ingingo ya 23: Amategeko agenga ibiro bihagariye banki y’inyamahanga Article 23: Law governing a representative office Article 23: Loi régissant le bureau de représentation Ingingo ya 23: Amategeko agenga ibiro bihagariye banki y’inyamahanga The rights and obligations arising on representation office activities or resulting from its existence are included in the patrimony of the foreign bank. Les droits et obligations découlant des activités du bureau de représentation ou résultant de son existence sont inclus dans le patrimoine de la banque étrangère. Article 23: Law governing a representative office Article 23: Loi régissant le bureau de représentation Ibiro bihagarariye banki y’inyamahanga bigengwa n’amategeko y’u Rwanda. The representative office for foreign bank is subject to the Rwanda laws. Le bureau de représentation de la banque étrangère est régi par le droit rwandais. 31 Official Gazette no. 01 of 07/01/2019

Ingingo ya 24: Ubunyanga mugayo n’ubushobozi bw’umuyobozi w’ibiro bihagarariye banki Article 24: Fit and proper requirements of the country representative Article 24: Exigences d’integrité et de compétence du représantant du bureau de représentation Ingingo ya 24: Ubunyanga mugayo n’ubushobozi bw’umuyobozi w’ibiro bihagarariye banki ibiro bihagariye banki Uhagarariye agomba kuzuza ibisabwa byerekeye ubunyangamugayo n’ubushobozi nk’uko biteganijwe mu mabwiriza rusange yerekeye imiyoborere y’amabanki. Article 24: Fit and proper requirements of the country representative Article 24: Exigences d’integrité et de compétence du représantant du bureau de représentation The representative office’s country representative must satisfy the requirements of fitness and propriety as required by the regulation on corporate governance for banks. Le représentant du bureau de représentation doit satisfaire aux exigences d’integrité de compéntence comme requis par le règlement sur la gouvernance des banques.

Article 22: Rights and obligation of the representative office Article 22: Droits et obligations du bureau de représentation Article 22: Rights and obligation of the representative office Article 22: Droits et obligations du bureau de représentation Uburenganzira n’inshingano bikomoka ku biro bihagariye banki, uko bibaho banki n’umutungo y’inyamahanga. bikubiye muri

Ingingo ya 25: Kwemererwa Article 25: Authorization Article 25: Autorisation Ingingo ya 25: Kwemererwa Article 25: Authorization Article 25: Autorisation Mu gihe usaba yujuje ibisabwa, Banki banki Nkuru ibiro y’inyamahanga biyihagariye mu Rwanda. kwemerera gushinga ishobora Upon satisfaction that the applicant, meet all the requirements, the Central Bank may grant the authorization to the foreign bank to establish a representative office in Rwanda. Une fois que le requérant a satisfait à toutes les exigences, la Banque Centrale peut accorder l’autorisation à la banque étrangère d’établir un bureau de représentation au Rwanda. Mu gihe Banki Nkuru itemeye ishingwa rya biro bihagariye banki, igomba kumenyesha impamvu z’icyo cyemezo. If the Central Bank declines the establishment of the representative office, it shall inform the reasons to the applicant. Si la Banque Centrale refuse l'établissement du bureau de représentation, elle en informe le requérant.

Ingingo ya 26: bihagarariye banki y’inyamahanga Imirimo y’ibiro Article 26: Permissible activities of a representative office Article 26: Activités permises á un bureau de représentation ibiro Ingingo ya 26: bihagarariye banki y’inyamahanga Imirimo y’ibiro Article 26: Permissible activities of a representative office Article 26: Activités permises á un bureau de représentation Ibiro bya banki y’inyamahanga bishobora gukora imirimo ikurikira: A Representative Office may engage in the following activities: Un bureau de représentation peut exercer les activités suivantes: 1° guteza imbere serivisi mu Rwanda mu kwamamaza no guhagarira banki y’inyamahanga; ibicishije 1° promoting its services in Rwanda through 1° promouvoir ses services au Rwanda marketing and liaison role; par le marketing et la liaison; 2° guha icyicaro gikuru amakuru y’iterambere ry’ubukungu mu gihugu no mu karere; 2° providing its Head Office with information regarding the economic developments in the country and region; 2° fournir à son siège des informations la situation sur économique du pays et de la région; l'évolution de 32 3° guha abakiliya ajyanye n’isoko gihugu; amakuru ryo mu 4° gutanga amakuru ku bashaka gushora mu gihugu banki y’inyamahanga ikoreramo; 5° guha abakiriya serivisi za banki, iz’imari ndetse n’inama ariko ukwakira atari amafaranga ya rubanda; 6° guha abakiriya za inyandiko z’ingenzi banki y’inyamahanga mu koroshya ibikorwa ndetse no kwemeza umwimerere w’inyandiko na serivisi; Official Gazette no. 01 of 07/01/2019 3° providing its customers with information regarding the local market; 4° providing information to any local party which intends to develop its activities in countries where the foreign bank operates in; 5° providing its customers with financial and other relevant advice but not deposit taking; 6° providing its customers with the requisite documentation as required by the foreign bank to facilitate transactions, as well as providing document authentication and validation services. 3° fournir ses informations sur le marché local; clients à des 4° fournir des informations à toute partie locale qui entend développer ses activités dans les pays où la banque ses activités; étrangère exerce 5° fournir à ses clients des conseils financiers et autres, 6° fournir à ses requise clients à la documentation la demande de la banque étrangère pour faciliter les transactions, ainsi que des services d'authentification et de validation de documents.

Ingingo ya 27: bihagarariye banki bitemerewe gukora Ibikorwa Article 27: Prohibited activities representative office for the Article 27: Activités interdites au bureau de représentation 4 Official Gazette no. 01 of 07/01/2019 Ingingo ya 27: ibiro bihagarariye banki bitemerewe gukora Ibikorwa Article 27: Prohibited activities representative office for the Article 27: Activités interdites au bureau de représentation Ibiro bihagariye banki ntibyemerewe gukora ibi bikurikira: A Representative Office operating in the Rwanda is prohibited from: Un bureau de représentation opérant au Rwanda est interdit de : 1° imirimo idateganijwe n’ingingo ya 27 y’aya mabwiriza rusange; 1° conducting any business activities other than those mentioned in Article 27 of this regulation; 1° exercer des activités commerciales autres que celles mentionnées à l'article 27 du présent règlement; 2° kwakira amafaranga yarubanda mu buryo ubwo ari bwo bwose; 2° accepting deposits in any form whatsoever; 2° accepter des dépôts sous quelque forme que ce soit; 33 Official Gazette no. 01 of 07/01/2019 3° kufungura konti z’abakiriya 3° opening accounts of any kind for clients; 3° ouvrir des comptes de toutes sortes izo ari zo zose; pour des clients; 4° gutanga imyenda n’inguzanyo izo arizo zose; 4° extending loans or advances to any party whatsoever; 4° consentir des prêts ou des avances à quelque partie que ce soit; 5° gukora kugira cyangwa uruhare mu bikorwa bya banki nk’izizeza ingwate, gufunguza inyandiko zizeza ubwishyu mu izina ry’ibiro; no 5° performing and/or participating in any other normal banking operations, such as issuing Letters of Guarantee, opening Letters of Credit, in its own name; and 5° effectuer et / ou participer à toute autre opération bancaire ordinaire, telle que l'émission de lettres de garantie, l'ouverture de lettres de crédit, en son propre nom; et 6° gukora ibikorwa by’amadevisi 6° dealing in foreign currencies and 6° vendre et acheter des devises et des n’imigabane. securities. valeurs mobilières.

Ingingo ya 28: Ikiguzi cy’ibikorwa ry’ibiro bihagarariye by’igenzura banki y’inyamahanga Article 28: Supervision and fee for the representative Office Article 28: Supervision et frais pour l’office de representation UMUTWE WA VI: ZINYURANYE N’IZISOZA INGINGO CHAPTER VI: MISCELENEOUS FINAL PROVISIONS AND CHAPITRE DIVERSES ET FINALES VI: DISPOSITIONS Ingingo ya 28: Ikiguzi cy’ibikorwa ry’ibiro bihagarariye by’igenzura banki y’inyamahanga Article 28: Supervision and fee for the representative Office Article 28: Supervision et frais pour l’office de representation Banki Nkuri igenzura ibiro bihagarariye iyisaba banki y’inyamahanga kandi amakuru ajyanye n’imirimo yayo. The Central Bank performs the supervision of the representative office and requests the submission of relavant information with regard its activities. by’igenzura Nyuma ya buri mwaka w’imari, buri biro bihagarariye banki ikorera mu Rwanda igomba kwishyura Banki Nkuru ikiguzi kingana cy’ibikorwa y’u n’amafaranga miliyoni Rwanda FRW. Ayo mafaranga yishyurwa mu gihe cy’amezi ane (4) akurikira impera z’umwaka w’imari umaze kuvugwa hejuru. (2.000.000 ebyiri After each financial year, each representative office operating in Rwanda shall pay to the Central Bank a supervision fee of 2 million FRW. This amount shall be paid within four (4) months after the end of the foregoing financial year. 34 La Banque Centrale exerce une supervision sur le bureau de représentation et demande la transmission d’informations pertinentes sur ses activités. Après chaque exercice financier, chaque bureau de représentation opérant au Rwanda doit payer à la Banque Centrale les frais de supervision de 2 millions de FRW. Ce montant doit être payé dans les quatre (4) mois suivant la fin de l’exercice précédent. Official Gazette no. 01 of 07/01/2019 UMUTWE WA VI: ZINYURANYE N’IZISOZA INGINGO CHAPTER VI: MISCELENEOUS AND FINAL PROVISIONS CHAPITRE DIVERSES ET FINALES VI: DISPOSITIONS

Ingingo ya 29: Kubahiriza shingiro nshyashya imari Article 29: Compliance with the new minimum paid up capital Article 29: Conformité au nouveau niveau du capital minimum libéré Ingingingo ya 30: Kubahiriza ibisabwa byerekeye impamyabushobozi n’uburambe Ingingo ya 29: Kubahiriza shingiro nshyashya imari Article 29 : Compliance with the new minimum paid up capital Article 29: Conformité au nouveau niveau du capital minimum libéré Banki ifite uruhushya ariko idakwije ikigero cy’imari shingiro gishyashya gisabwa, igomba kuba yakigezeho mu bihe bigennye ku buryo bukurikira: 1° Miliyari 15 FRW mu gihe cy’imyaka itatu (3) ibarwa uhereye igihe aya mabwiriza rusange atangarijwe mu igazeti ya Leta; 2° Miliyari 20 FRW mu gihe cy’imyaka itanu (5) ibarwa uhereye igihe aya mabwiriza rusange atangarijwe mu igazeti ya Leta; A lincensed bank that do not comply with the new required minimum paid up shall meet it as follows: 1° Within (3) years after the publication of the regulation FRW15 Billion; La banque agréée qui ne se conforment pas au nouveau niveau du capal minimum libéré requis doivent l’atteindre dans les délais prescrits comme suit: 1° Dans les trois (3) ans suivant la publication de ce règlement, quinze (15) milliards de FRW; 2° Within (5) years after the publication of the regulation FRW 20 Billion. 2° Dans les cinq (5) ans suivant la publication de ce règlement, 20 milliards de FRW. ihawe Banki z’imari igihe iciriritse cy’imyaka itanu (5) ibarwa uhereye igihe aya mabwiriza rusange atangarijwe mu igazeti ya Leta, kugira ngo ihindure imikorere yubahiriza amategeko agenga cyangwa ibigo ikubahiriza aya mabwiriza. iciritse ibikubiye muri by’imari Microfinance banks are also given a period of (5) years from the publication of this regulation to move regulatory framework or to comply with requirements of this regulation. to microfinance legal and Les banques de microfinance disposent également d'un délai de cinq (5) ans pour passer au cadre juridique et réglementaire de la microfinance ou pour se conformer aux exigences de ce réglement. Banki ifite uruhushya rwo gukora itujuje imari shingiro isabwa ku munsi aya mabwiriza rusange atangarijweho mu Igaze ya Leta asabwe gushyikiriza Banki Existing licensed banks that do comply with the minimum paid up capital at the time of the publication of this regulation in the Official Gazette Les banques agréées qui ne se conforment pas au niveau du capital minimum libéré au moment de la publication du présent règlement au Journal officiel doivent soumettre à la 35 Official Gazette no. 01 of 07/01/2019 Nkuru, mu gihe cy’amezi atanu (6) nyuma y’itangazwa ry’aya mabwiriza mu igazeti ya Leta, gahunda y’izamura ry’imari shingiro. shall submit to the Central Bank the buildup capital plan within six (6) months after the publication of this regulation in the Official Gazette. Banque Centrale leur plan de constitution de capital dans les six mois suivant la publication du présent règlement au Journal officiel. Ingingingo ya 30: Kubahiriza ibisabwa impamyabushobozi byerekeye n’uburambe

Article 30: Compliance with the minimum professional qualification and experience for senior managers Article 30: Conformité des qualifications professionnelles et de l'expérience minimales des cadres dirigeants Article 30: Compliance with the minimum professional qualification and experience for senior managers Article 30: Conformité des qualifications professionnelles et de l'expérience minimales des cadres dirigeants Abakozi bakuru basanzwe mu mirimo bagomba kubahiriza ibisabwa byerekeye impamyabushobozi n’uburambe bisabwa muri aya amabwiriza mu gihe cy’imyaka itanu (5) kuva aya mabwiriza rusange atangarijwe mu igazeti ya Leta. Existing senior managers that do not comply with the professional qualification and experience requirements provided in this regulation are given five (5) years to comply with them from the publication of this regulation in the Official Gazette. Les cadres dirigeants existants qui ne se conforment pas aux exigences de qualification professionnelle et d'expérience prevues dans le présent règlement disposent d'un délai de cinq (5) ans pour s'y conformer à compter de la publication de ce règlement au Journal Officiel.

Ingingo ya 31: Gutanga amakuru agezweho Article 31: Update of information Article 31: Mise à jour des informations Ingingo ya 31: Gutanga amakuru agezweho Buri banki ishyikiriza Banki Nkuru ifishi y’amakuru, urupapuro rw’imenyekanisha rw’umuntu ku giti cye kuri buri wese mu bafite imigabane igaragara yaba mu buryo buziguye cyangwa butaziguye, abari mu nama y’ubutegetsi, abayobozi bakuru mu gihe kitarenze ku itariki ya 31 Werurwe ya buri mwaka. Article 31: Update of information Article 31: Mise à jour des informations Every bank shall submit to the Central Bank an updated information sheet, the personal information sheet for each direct and indirect significant shareholder, directors and senior managers not later than the 31st March of each year. d'information Chaque banque soumet à la Banque Centrale, au plus tard le 31 Mars de chaque année, une fiche fiche chaque d'informations actionnaire indirect, administrateurs et dirigeants. à de personnelles important direct et jour, la

Ingingo ya 32: Kubahiriza amategeko n’amabwiriza Article 32: Compliance with existing banking regulations and directive Article 32: Conformité aux règlementations bancaires en vigueur lois et Ingingo ya 32: Kubahiriza amategeko n’amabwiriza Article 32: Compliance with existing banking regulations and directive Article 32: Conformité aux règlementations bancaires en vigueur lois et Banki yahawe uruhushya rwo gukora amategeko, igomba amabwiriza amabwiriza n’ibyemezo bigenga amabanki. kubahiriza rusange, After being licensed, a bank shall comply with all laws, regulations and directives applicable to banks. Dès l’obtention de l’agrément, la banque doit se conformer à toutes les lois, réglementations et directives applicables aux banques. 36 Official Gazette no. 01 of 07/01/2019

Ingingo ya 33: Ivanwaho ry’ingingo zinyuranyije n’aya mabwiriza Article 33: Repealing provisions Article 33: Provisions abrogatoires Ingingo ya 33: Ivanwaho ry’ingingo zinyuranyije n’aya mabwiriza Article 33: Repealing provisions Article 33: Provisions abrogatoires rusange N° 03/2008 Amabwiriza yerekeye ibisabwa mu kwemerera amabanki gukora nk’uko yahinduwe kandi akuzuzwa kugeza ubu, n’izindi ngingo kandi zinyuranye na yo bivanyweho. zayabanjirije zose The regulation N° 03/2008 on licensing conditions of banks as modified and complimented to date and all previous provisions contrary to this Regulation are hereby abrogated. Le règlement N° 03/2008 portant conditions d’agrèment des banques tel que modifié et completé à ce jour et toute autre disposition contaires sont abrogés.

Ingingo ya 34: Itegurwa, isuzumwa n’iyemezwa ry’aya mabwiriza rusange Article 34: Drafting and consideration of this Regulation Article 34: De approbation l’initiation, examen et Ingingo ya 34: Itegurwa, isuzumwa n’iyemezwa ry’aya mabwiriza rusange Article 34: Drafting and consideration of this Regulation Article 34: De approbation l’initiation, examen et Aya mabwiriza rusange yateguwe, asuzumwa kandi yemezwa mu rurimi rw’Icyongereza.

Ingingo ya 35: Igihe aya mabwiriza rusange atangira gukurikizwa Article 35: Commencement Article 35: Entrée en vigueur 5 AMABWIRIZA RUSANGE N°2310/2018 - 00013[ 614 ] YO KU WA 27/12/2018 YA BANKI NKURU Y’ U RWANDA YEREKEYE IBISABWA MU KWEMERERA AMABANKI GUKORA Ishingiye ku Itegeko No 48/2017 ryo ku wa 23/09/2017 rigenga Banki Nkuru y’u Rwanda, cyane cyane mu ngingo zaryo, iya 6, iya 8, iya 9, iya 10 n’iya 15; Ishingiye ku Itegeko No 47/2017 ryo ku wa 23 /09/2017 rigena imitunganyirize y’imirimo y’amabanki, cyane cyane mu ngingo zaryo, iya 8, iya 9, iya 10, iya 11, iya 12, iya 13, iya 14 n’iya 55; Isubiye ku rusange N° 03/2008 yerekeye ibisabwa mu kwemerera amabanki gukora kandi akuzuzwa kugeza ubu ; yahinduwe nk’uko Banki Nkuru y’u Rwanda, mu ngingo zikurikira yitwa « Banki Nkuru », itanze amabwiriza rusange akurikira: UMUTWE WA MBERE : INGINGO RUSANGE Ingingo ya 35: Igihe aya mabwiriza rusange atangira gukurikizwa rusange Aya mabwiriza atangira gukurikizwa ku munsi atangarijweho mu Igazeti ya Leta ya Repubulika y’u Rwanda. This Regulation was prepared, considered and approved in English Le présent règlement a été initié, examiné et approuvé en langue anglaise. Article 35: Commencement Article 35: Entrée en vigueur This regulation shall take effect on the date of its publication in the Official Gazette of the Republic of Rwanda. Le présent règlement entre en vigueur le jour de sa publication au Journal Officiel de la République du Rwanda. Bikorewe i Kigali ku wa 27/12/2018 Done at Kigali on 27/12/2018 Fait à Kigali le 27/12/2018 (sé) RWANGOMBWA John Guverineri (sé) RWANGOMBWA John Governor (sé) RWANGOMBWA John Governeur 37 Official Gazette no. 01 of 07/01/2019 Appendix 1: Categories of banks and their respective activities No Category 1 Commercial Bank Permitted activities  Activities provided in Article 3 of the banking law and other services and operations to the banking main business;  Other activities and operations approved by the Central Bank 2 Mortgage banks  Receiving deposits of participation in mortgage loans and in special accounts;  Granting of loans for the acquisition, construction, enlargement, repair, improvement and maintenance of urban or rural real estate, and for the substitution of mortgages taken out for that purpose;   Giving of guarantees, bonds or other forms of collateral connected with the operations in which they may take part; Obtaining of foreign loans and acting as intermediary in loans extended in local and foreign currency, having the previous authorization of the Central Bank for such loans exceeding a specified limit as prescribed by the Central Bank.  Other activities and operations approved by the Central Bank  Activities provided in Article 3 of the banking law and other services and operations to the banking main business;  Only deals with its members and their related parties  Other activities approved by the Central Bank 3 Cooperative banks 4 Development banks  Not deal with general public in its business  Funds mobilization for development financing; Prohibitions:  Financing (by way of grant, loan, equity, guarantee or otherwise) Development Projects and Programmes and infrastructures;  Grant Retail Loans in respect of Development Projects and Programmes;  Hold, manage, develop, let, hire, buy, subscribe for, or otherwise acquire, sell or otherwise dispose of, hypothecate or otherwise deal in, any immovable or moveable property in respect of the financing of Development Projects and Programmes (including stocks, shares, bonds, debentures, debt obligations, and securities of, or any other interest in, any company, government or other legal entity);  Guarantee any undertaking or obligation of any nature given by any person in relation to any Development Projects or Programmes;  Offer and provide trade finance;  Financing production value chain, offer and provide seasonal financing of coffee campaigns and other export promotion commodities; 38 Official Gazette no. 01 of 07/01/2019  Make, draw, accept or endorse negotiable instruments;  Invest funds in term deposits or other certificates of deposit in licenced banks;  Trade foreign exchange with regulated financial institutions;  Trade commodities;  Act as an agent or trustee, manager or secretary of any person, national or international private or public body and appoint any person to act on behalf of the Development Bank as a director or in any other capacity in relation to such person, private or public body;  Provide technical and other assistance and give advice, information and guidance, and, generally, enter into any contract or perform any act which may promote the attainment of any of the objects of the Development Bank or which is designed to directly or indirectly enhance the value of the services which the Development Bank can render; and/or  Undertake such other activities as may be prescribed or approved by the Central Bank from time to time. Prohibitions  Acceptance of demand, savings and time deposits, or any type of public deposits;  Acting as an intermediary on the Stock Exchange;  Save , granting of Retail Loans such as personal loans, salary advances (other than to its own members of staff to the extent permitted by applicable law), overdrafts etc;  Use of financial derivative instruments except as hedging instruments in the ordinary and usual course of the Development Bank’s activities; and/or  Such other activities as shall not fall within the scope of the permitted activities 39 Official Gazette no. 01 of 07/01/2019 Appendix 2: Application for a licence to establish a bank/representative office The Governor, Central Bank of Rwanda P.O Box 531, KIGALI 1. I, the undersigned, acting as principal/promoter/in the capacity of duly authorised agent, on behalf of …………………………, a Company incorporated under the company law, Laws of ……. , hereby apply for a licence for conducting the banking activities as (category of bank) or establishing the representative office, pursuant to provisions of the law governing the organization of banking and the regulation ………. on.licensing conditions of banks. 2. I submit the documentation specified in the law governing the organization of banking activity and the Regulation on licensing conditions of banks. Applicant’s address/ Tel. Principal’s address/Tel. …………………………… ……………………......….. …………………………… ……………………......… Certification and Undertaking I, the undersigned, …………………………….. hereby certify that all information contained in and accompanying this application is complete and accurate to the best of my knowledge and belief. I undertake to forthwith notify the Central Bank, of any material change in the particulars of this application. Sworn at …………….. this …......day of …………………20…… ______________________ _______________________ Signature of Deponent Principal/ Promoter/Agent Deponent understands the contents of this declaration. Before me, ___________________________ NOTARY 40 Official Gazette no. 01 of 07/01/2019 APPENDIX 3: INFORMATION SHEET QUESTIONNAIRE (FOR APPLICANT AND HOLDER OF 5% OF SHARES IF CORPORATE) EITHER DIRECTLY OR INDERECTLY 1. Name: ………………………………………………………………………………………………… ………………………………………………………………………………………………… ………… 2. Former name(s)(if any) by which the applicant has been known: ………………………………………………………………………………………………… ………………………………………………………………………………………………… 3. Any name the applicant proposes to use for purposes of or in connection with any business carried on by it, including any name the applicant is or will be obliged to disclose in connection with any business carried on by it by virtue of the company law …………………………………………..…………………………………………………………. …..…………………………………………………………………………………………………. 4. Principal Banking Activities. ………………………………………………………………………………………………… ………………………………………………………………………………………………… 5. Head/main office: …………………………………..……………………………………………………………. ………………………………………………………………………………………………… (a) Address: ………………………………………………………………………………………………….. …………………………………………………………………………………………………... (b) Telephone No: ………………………………………………………………………………..………………. ………………………………………………………………………………………………… (c) Telefax No: …………………………………………………………………………………….................. ……………………………………………………………………………………………… 6. Branches: Address: Date approved and date opened …………………………… ………………………………………………….. …………………………… …. ………………………………………………. Subsidiaries & Affiliates: Name and type of Amount of shares % of shares held Business held to total ……………………… …………………… …………………… ……………………… …………………… …………………… 7. Management: (1) Board of Directors; Name: Designation Present term No. of years as board member …………… …………… …………… ……………… …………… …………… …………… ……………… …………… …………… …………… ……………… 41 Official Gazette no. 01 of 07/01/2019 Board Committees Name and purpose of committee(s): Name of members: ………………………………… …………………………. ………………………………… …………………………. ………………………………… …………………………. (2) Senior managers: Name: Position: No. of years as officer ………………… ………………… ……………………… ………………… ………………… ……………………… ………………… ………………… ……………………… 8. Ownership Profile: Name Country of Residence Paid up capital % citizenship 1. ………… ……………… …………… ……………… ……… 2. ………… ……………… …………..… ……………… ……… 3. ………… ……………… …………..… ……………… ………. other shareholders owing less than 5% (Number………………) TOTAL ……………… ……….. 9. Organisation Profile: (1) Organisation chart— attach one indicating major departments or divisions with names, positions and titles of senior managers heading each department or division. (2) Functions— attach a list of functions or responsibilities for each Department or division listed in the organisation chart indicating the number of personnel or staff for each. (3) Qualifications of significant shareholders, directors and senior managers. (4) Powers and purposes—attach the latest copies of the Memorandum and Articles of Association if not previously submitted to the Central Bank. 10. Shareholding in any other Financial Institution: Name of financial shares owned % of Institution amount number capital …………………… ………………… …………… …………………… ………………… …………… …………………… ….. ………… …………… 11. Name(s) and address(es) of the applicant’s bankers within the last ten years. (Please also indicate the applicant’s principal bankers)……………………………………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… …… 12. Name and address of the applicant’s external auditors. Please give particulars of any body you may have given authority to carry on any business activity in Rwanda or elsewhere. If any, give particulars. If any such authority has been revoked, give particulars, including the name and professional qualification of the partner’s who will be responsible for the assignment 42 Official Gazette no. 01 of 07/01/2019 ………………………………………………………………………………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… 13. Does the applicant hold, or has it ever held, any authority from a supervisory body to carry on any business activity in Rwanda or elsewhere? If so, give particulars. If any such authority has been revoked, give particulars.…………………………………………………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… 14. Has the applicant ever applied for any licence from a supervisory body to carry on any business in Rwanda or elsewhere other than the authority mentioned in answer to Question 13 ? If so, give particulars. If any such application was for any reason refused or withdrawn after it was made, give particulars………………………………………………………………………….. ………………………………………………………………………………………………… ………………………………………………………………………………………… 15. Has the applicant or any company in the same group within the last ten years failed to satisfy a judgement debt under a court in Rwanda or elsewhere within a year of the making of the Order? If so, give particulars……………………………………………………………………………….. ………………………………………………………………………………………………… ………………………………………………………………………………………………… 16. Has the applicant or any company in the same group made any compromise or arrangement with its creditors within the last ten years or otherwise failed to satisfy its creditors in full? If so, give particulars ………………………………………….………………………………….... ………………………………………………………………………………………………… ………………………………………………………………………………………………… 17. Has a receiver or an administrative receiver of any property of the applicant or any company in the same group been appointed in Rwanda, or has a substantial equivalent of any such person been appointed in any other jurisdiction, in the last ten years? If so, give particulars, including whether the receiver is still acting under the appointment………………………………………………………….. …………………………………………………………………………………………………………. …………………………………………………………………………………………………………. 18. Has a petition been served in Rwanda for an administrative order in relation to the applicant or company in the same group, or has the substantial equivalent of such a petition been served in any other jurisdiction, in the last ten years? If so, give particulars………………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… 19. Has a notice of resolution for the voluntary liquidation of the applicant or any company in the same group been given in Rwanda, or has the substantial equivalent of such a petition been served in any other jurisdiction, in the last ten years? If so, give particulars……………………………………. …………………………………………………………………………………………………………. …………………………………………………………………………………………………………. 20. Has a petition been served in Rwanda for the compulsory liquidation of the applicant institution or any company in the same group, or has the substantial equivalent of such a petition been served in any other jurisdiction, in the last ten years?. If so, give Particulars………………................................ …………………………………………………………………………………………………………. …………………………………………………………………………………………………………. 21. State whether the applicant company has ever been under any criminal investigation, prosecution disciplinary action(s), public criticism or trade sanctions in connection with banking and financial services in Rwanda or elsewhere………………………………………………………………………………… …………………………………………………………………………………………………………. 43 Official Gazette no. 01 of 07/01/2019 of its directors, (prospective) 22. Are there any material matters in dispute between the applicant institution and the Rwanda Revenue Authority or any equivalent taxation authority in any other jurisdiction? If so, give particulars…………………………………………………..………………………………………….. …………………………………………………………………………………………………………. …………………………………………………………………………………………………………. 23. Is the applicant or any company in the same group engaged, or does it expect to be engaged, in Rwanda or elsewhere in any litigation which may have a material effect on the resources of the institution? If so, give particulars………………………………………………………………….. …………………………………………………………………………………………………………. …………………………………………………………………………………………………………. 24. Is the applicant company engaged, or does it expect to be engaged, in any business relationship with any give particulars…………………………………………………………………………………………….. ….…………………………………………………………………………………………………….. ………………………………………………………………………………………………………… 25. Is the business of the applicant’s directors, officers or managers or of companies in the same group guaranteed or otherwise underwritten or secured, or expected to be guaranteed or underwritten or secured, by the applicant company? If so, give particulars…………………………………………. ………………………………………………………………………………………………………….. …………………………………………………………………………………………………………. 26. Please provide any other information which may assist the Central Bank in reaching a decision on the application……………………………………………………………………….............................. ………..………………………………………………………………………………………………... …………………………………………………………………………………………………………. DECLARATION We certify that we have read sections, chapter II of the law governing banking activity. We are aware that it is an offence under the terms of article 65 of the law governing banking activity knowingly or recklessly to provide to the Central Bank or any other person any information which is false or misleading in a material particular in connection with the application for a licence under this law or otherwise. managers? officers so, or If We, certify that all the information contained in and accompanying this form is complete and accurate to the best of our knowledge, information and belief and that there are no other facts relevant to this application of which the Central Bank should be aware. We undertake to inform the Central Bank of any material changes to the application which arises while the Central Bank is considering the application. We recognise the institution’s obligation to provide the Central Bank with any information in its possession relevant to the exercise by the Central Bank of its functions under the law governing banking activity, in relation to the institution. Consistent with this obligation, we undertake that, in the event that the institution is granted a licence under the law governing banking activity, we will notify the Central Bank of any material changes to, or affecting the completeness or accuracy of, the answers to the questions above as soon as possible, but in any event no later than twenty one days from the day that the changes come to our attention. Sworn at Kigali this …………………day of ……………………… 1. ………………………… ……………………………… Name Position held ………………………… ……………………………… Signed Date 2. ………………………… ……………………………… Name Position held ………………………… ……………………………… 44 Official Gazette no. 01 of 07/01/2019 Signed Date ___________________________________________________________________________ The Deponent understands the contents of this affidavit. Before me………………………………… THE NOTARY N:B: 1. All sections of this form must be filled. 2. If any space provided is inadequate, the required information or data needed may be supplied as an attachment. 3. All attachments should be labelled using the relevant section requiring the attachment 45 Official Gazette no. 01 of 07/01/2019 APPENDIX 4: PERSONAL DECLARATION FORM [For individuals who are, or are proposing to become directors, senior managers, significant shareholders of a bank and indirect owners of at least 5% of the bank] Name and capacity of person making this declaration: 1. Name of institution in connection with which this form is being filled (―the institution‖) …….......................................................................................................................................... ………………………………………………………………………………………………… 2. Full names:………………………………….…………………………………………………… 3. Former surname(s) and /or forenames by which you may have been known: …………………………………………………………………………………………………… ………………………………………………………………………………………………… 4. Please state the capacity under which you are completing this form, i.e. as a current or prospective direct or indirect significant sharehoholder, director, senio manager or any combination of these. Please state your full title and describe the particular duties and responsibilities attaching to the position(s) which you hold or will hold. If you are completing this form in the capacity of director, indicate whether, in your position as director, you have or will have executive responsibility for the management of the institution’s business. ………………………………………………………………………………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… 5. Your date and place of birth: ………………………………………………………………………………………………… ………………………………………………………………………………………………… 6. (1) Citizen of:………………… (2) Resident of:…………… (Country) (Country) since: ………………………… since:……………………… (Year) (Year) 7. Addresses: (1) Present business address (Rwanda since……………) (Outside Rwanda since...……) ……………………………… …………………………… ……………………………… …………………………… (2) Present residential address: (Rwanda since…………...…) (Outside Rwanda since………) (3) Last two addresses in Rwanda, if any, during the past ten (10) years: (since………………………) (since………………………) ……………………………… …………………………… ……………………………… …………………………… 8. Professional & academic qualifications: Particulars Year obtained ……………………………… …………………………… ……………………………… …………………………… ……………………………… …………………………… (1) Highest academic qualification ……………………………… …………………………… ……………………………… …………………………… 46 Official Gazette no. 01 of 07/01/2019 (2) Special awards or honours (if any) ……………………………… …………………………… ……………………………… …………………………… (3) Training courses and seminars ……………………………… …………………………… ……………………………… …………………………… (4) Membership in professional organizations ……………………………… …………………………… ……………………………… …………………………… 9. Occupation or employment (present or most recent and for the past ten years) Inclusive date (month &year) Name & business of employer Positions held From Year ……………………………… ……………… ……...……… ……………………………… ……………… ……...……… 10. Names and address (es) of your bankers within the last 10 years ………………………………………………………………………………………………. ………………………………………………………………………………………………… ………………………………………………………………………………………………… 11. Bodies corporate (other than the institution) where you are now a director, officer, shareholder, or manager? Give relevant dates…………………………………………………….... ……………………………………..…………………………………………………………… …...……………………………………………………………………………………………… 12. Bodies corporate other than the institution and those listed above where you have been a director, shareholder, controller or manager at any time during the last ten years. Give relevant dates…………………………………………………………………………………………….. …………………………………………………………………………………………………… …………………………………………………………………………………………………… 13. Have you, in Rwanda or elsewhere, been dismissed from any office or employment, or subjected to disciplinary proceedings by your employer or barred from entry to any profession or occupation? If so, give particulars:…………………………………………………………………. ………………………………………………………………………………………………… ………………………………………………………………………………………………… 14. Past and present business affiliations (direct and indirect): Nature of affiliation i.e. director, senior manager, share Inclusive date holder with…% holdings (month and year) specified etc. from to Nature of business …………………… …………… ……………… …………………… …………… ……………… 15. Do any of the above business affiliations maintain a business relationship with the institution? If so, give particulars……………………………………………………………………………… ……………………………………………………………………………………………………. 16. Do you hold or have you ever held or applied for a licence or equivalent authorisation to carry on any business activity in Rwanda or any other country? If any such application was refused or withdrawn after it was made or any authorisation was revoked, give particulars: …………………………………………………………………………………………………….. ……………………………………………………………………………………………………. 47 Official Gazette no. 01 of 07/01/2019 17. State whether the institution with which you are, or have been, associated as a director, officer, shareholder or manager holds, or has ever held or applied for a licence or equivalent authorisation to carry on any business activity? If so, give particulars. If any such application was refused, or was withdrawn after it was made or any licence revoked, give particulars ……………………………………………… ….………………………………………………………………………………………………………… 18. State whether any of your past or current employer(s) or institution in which you were affiliated as shareholder, director, officer, etc has ever been under criminal investigation, placed under receivership or insolvent liquidation by any regulatory body or court of law …………….………………………………………………………………………………………………… ……………………………………………………………………………………………………. 19. Family group: Name: (1) Spouse: ………………………… (If you have any business relationship, please indicate( company, partnership,…………..) (2) Children: ………………………… ………………………… If you have any business relationship, please indicate (company, partnership…) (3) Parents: ………………………… If you have any business relationship, please indicate (company, partnership…) (4) Brothers and sisters: ……………………………………………………………… ………………………………………………………………. ………………………………………………………………. If you have any business relationship, please indicate (company, partnership…) 20. Have you failed to satisfy any debt adjudged due and payable by you as a judgment debtor under an order of a court in Rwanda or elsewhere, or made any compromise arrangement with your creditors within the last ten years? If so, give particulars……………………………….. ………………………. ………….……………………………………………………………………………………… ………………………………………………………………………………………………… 21. Have you been adjudicated bankrupt by a court in Rwanda or elsewhere, or has a bankruptcy petition ever been served on you? If so, give particulars………………………………………………….. ……………………………………………………………………………………………………. ……………………………………………………………………………………………………. 22. Have you, in connection with the formation or management of any body corporate, partnership or unincorporated institution, been adjudged by a court in Rwanda or elsewhere, civilly liable for any fraud, misfeasance or other misconduct by you towards such body or company or towards members thereof? If so, give particulars …………………………………………………………………………………………………………… …………………….…………………………………………………………………………………… ………………………………………………………………………………………………………… 23. Has any body corporate, partnership or unincorporated institution with which you are associated as a director, shareholder, controller or manager, in Rwanda or elsewhere, been wound up, made subject to an administrative order, otherwise made any compromise or arrangement with its creditors or ceased trading either while you were associated with it or within one year after you ceased to be associated with it or has 48 Official Gazette no. 01 of 07/01/2019 anything analogous to any of these events occurred under the laws of any other jurisdiction? If so, give particulars………………….. ………………………………………………………………………………………………… ………………………………………………………………………………………………… 24. Have you been concerned with the management or conduct of affairs of any institution which, by reason of any matter relating to a time when you were so concerned, has been censured, warned as to future conduct, disciplined or publicly criticized by, or made the subject of a court order at the instigation of any regulatory authority in Rwanda or elsewhere? If so, give Particulars ……………………………….………………………………………………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… 25. In carrying out your duties will you be acting on the directions or instructions of any individual or institution? If so, give particulars…………………………………………….………………………… ………………………………………………………………………………………………………….. ………………………………………………………………………………………………………….. 26. Do you, in your private capacity, or does any related party, undertake business with the institution? If so, give particulars…………………………………………………………………………………….. ………………………………………………………………………………………………………….. ………………………………………………………………………………………………………….. 27. How many shares in the institution are registered in your names or the names of a related party? If applicable, give name(s) in which registered and class of shares…………………………………. ……………………………………………………………………………………………………….. ……………………………………………………………………………………………………….. 28. In how many shares in the institution (not being registered in your names or that of a related party) are you or any party beneficially interested? ……………………………………………………………………………………………………….. ……………………………………………………………………………………………………….. 29. Do you or does any related party, hold any shares in the institution as trustee or nominee? If so, give particulars ………………………………………………………………………………………… …………………………………………………………….…………………………………………… 30. Are any shares in the institution mentioned in answer to questions 27,28, and 29 above equitably or legally charged or pledged to any party? If so, give particulars……………………………………….. …………………………………………………………………………………………………………. …………………………………………………………………………………………………………. 31. What proportion of the voting power, at any general meeting of the institution (or another body corporate of which it is a subsidiary) are you or any related party entitled to exercise or control the exercise of ? ………………………………….………………………………………………………………………. ………………………………………………………………………………………………………….. 32. Personal record of court cases or any investigation by governmental, professional or any regulatory body (including pending and prospective cases or on-going investigations): Name of court or Full particulars Status investigative body ……………………………………………………………………………………………….................. ……………………………………………………………………………….…………………………. 33. Documentary requirements (to be attached to this individual information sheet) 1) a certified statement of assets and liabilities; 2) latest tax compliance certificate or certified true copy of income tax returns; 3) two letters of character references from individuals other than relatives who have personally known the undersigned for at least ten years; and 49 Official Gazette no. 01 of 07/01/2019 4) letters, duly certified from financial institutions with whom the undersigned has had dealings for the last five years on the performance of past and present accounts; 5) Detailed CV; 6) Certified true copies of degree certificates; 7) Recent Credit report from a licensed credit bureau; 8) Copy of ID/passport; 9) A recent police clearance/criminal certificate. 34. If this questionnaire is submitted in connection with an application for licensing, please provide any other information which may assist the Central Bank in reaching a decision on the application. In any other case, please provide any other information, which may assist the Central Bank in deciding whether the director, shareholder, controller or manager fulfils fit and proper criteria. Appendix 5: Declaration of Significant Individual and institutional shareholder of the source of funds significant (Individual I significant shareholder),…………………declare that capital invested in the proposed bank is not derived from illegal , criminal and suspicious activities. shareholder or a representative of institutional the I know and understand the contents and consequences thereon of this declaration and that I am making it under oath. Sworn at ………………, this ……………day of ………………………………………….. Signature of deponent The Deponent understands the contents of this affidavit. Before me, …………………………………… THE NOTARY 50 Official Gazette no. 01 of 07/01/2019 APPENDIX 5: DECLARATION BY THE CHAIRPERSON OF A BOARD ON APPOINTMENT OF A NEW DIRECTOR I, the undersigned, (name) ……………………, being the Chairperson of the board of directors of ………………………, confirm that I have carefully studied all the information supplied in the personal declaration form and, after discussion with the deponent (name)………………… and all other members of the board, and after having taken into account any other information at my disposal or that has come to my attention, I am of the opinion that the deponent (name) ……………………………… is a fit and proper person to take up office in this institution. In the case of the appointment of a director I confirm that the appropriate conditions of the Articles of Association of the company have been complied with. Similarly, in the case of the appointment of a chief executive officer, I confirm that the company policy has been complied with. NAME: ……………………………………………………… SIGNATURE: ……………………………………………………… DATE: ……………………………………………………… 51