
Central Bank of Nigeria
Management of Investment Account Holders for Noninterest Financial Institutions
- Author
- Central Bank of Nigeria
- Pages
- 8 pages
The guidelines establish minimum requirements for managing Profit Sharing Investment Account Holders by non-interest financial institutions, including fiduciary governance, contractual disclosures, risk management, investment pool creation, asset tagging, profit and loss allocation, income smoothing, reserve management, and transparency disclosures. Compliance enables qualifying PSIA deposits to…