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Information Sheet for Evaluation of Application for a Licence to Conduct Banking or Credit Business
Introduction
The Governor, Commissioner of Lesotho, has established this information sheet as a requirement for evaluating applications for a licence to conduct banking or credit business. This document outlines the necessary information and details required from applicants.
Section A: General Information
- Full name and surname(s) of applicant institution: _______________________________________________________
- Type of business (banking, credit business, or both): _______________________________________________________
- Country of origin: _______________________________________________________
Section B: Business Structure
The proposed structure of the applicant institution should include details on its corporate form, management, shareholding, and ownership. The following information is required:
- Describe the proposed structure of the applicant institution.
- Provide a list of all directors, officers, and officials with their addresses and positions.
Section C: Proposed Operations
The applicant institution’s business objectives, products, and services to be offered should be described in detail. The following information is required:
- Describe the applicant institution’s business objectives: _______________________________________________________
- Outline the proposed geographical area of operation or targeted markets: _______________________________________________________
Section D: Financial Information
The estimated initial capital requirement and source(s) of funding for the initial capital should be provided. The following information is required:
- Estimated initial capital requirement: _______________________________________________________
- Source(s) of funding for the initial capital: _______________________________________________________
Section E: Management and Supervision
The management structure, including key personnel, their qualifications, experience, and roles, should be described. The system of supervision to be adopted by the applicant institution should also be outlined. The following information is required:
- Provide details on the management structure: _______________________________________________________
- Describe the system of supervision to be adopted by the applicant institution: _______________________________________________________
Section F: Other Relevant Information
Any other relevant information that may be necessary for the evaluation process should be provided. The following space is available:
- Please provide any additional information: _______________________________________________________
Certification and Undertaking
I, the undersigned, hereby certify that all information contained in this information sheet is complete and accurate to the best of my knowledge and belief. I also undertake to forthwith notify the Commissioner of Lesotho of any material change in the particulars of this application.
Signature: _______________________________________________________ Date: _______________________________________________________
For Central Bank Use
- Received by: _______________________________________________________
- Date: _______________________________________________________
- Application documents checked for completeness by: _______________________________________________________
- Letter of Deficiency or Acknowledgement sent on: _______________________________________________________
- Action Taken: _______________________________________________________
- Evaluating Officer: _______________________________________________________
- Director: _______________________________________________________
- Supervision Department: _______________________________________________________