
Central Bank of Nigeria
Guidelines on the Management of Investment Account Holders for Non-Interest Financial Institutions in Nigeria
- Author
- Central Bank of Nigeria
- Pages
- 8 pages
These guidelines establish minimum requirements for non-interest financial institutions managing profit-sharing investment account holders, including contractual disclosures, fiduciary governance, risk management, investment pool creation, asset tagging, profit and loss allocation, income smoothing, reserve management, and transparency disclosures. Compliance enables qualifying PSIA deposits to be recognized…