The application for approval specifying the category in which the institution intends to operate (bank, financial institution) shall be submitted, in duplicate, to the Monetary Authority. It must include the following documents and information:

• the draft statutes ;
• the list of shareholders (and their share in the share capital) and that of directors accompanied by the supporting documents listed in (III) and (IV) below ;
• forecasts of activity, location and organization ;
• the details of the technical and financial means to be implemented ;
• the dispatch of the company’s memorandum of association ;
• the statement of subscription and payment of the share capital as well as the certificate of deposit of the funds paid in the name of the institution being created in a bank account in Cameroon
• the cash flow forecast ;
• the provisional balance sheet, general operating and profit and loss accounts, accompanied by a note highlighting the technical bases on which they have been drawn up ;
• the list of shareholders of foreign nationality, if necessary, indicating their surnames and forenames, country of origin and participation in the company’s capital ;
• the minutes of the constituent general meeting ;
• the list of operations envisaged ;
• the internal regulations, the organisation chart, the management and internal control organisation
• draft contracts or agreements with other national or foreign companies ;
• any other elements likely to inform the authorities’ decision.