In accordance with Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, notwithstanding the conditions stipulated by the regulations in force, the application for prior authorization for a total sale of a business or a partial sale of assets must include, in particular;
- The articles of association of the transferring company.
- Annual financial statements certified by the statutory auditors, including balance sheets and income statements for the last three financial years of the selling credit institution and the transferee entity.
- Minutes of meeting of the transferor credit institution or of the deliberative body of the transferee entity authorizing the sale.
- The report of the Board of Directors of the selling credit institution and, where applicable, of the transferee entity, addressed to the shareholders.