Regulatory Alerts2018-09-27
Law No. 2018-036 bis on the Regulation of Credit Institutions
The Presidency of the Islamic Republic of Mauritania, through the National Assembly, enacted Law No. 2018-036 bis to regulate credit institutions operating in the country to protect public deposits and ensure financial system stability. The law mandates Central Bank approval for all credit activities, establishes strict capital, governance, and ownership requirements, and defines prohibited operations including non-financial activities and insider lending. It further outlines procedures for licensing, modification, withdrawal, and prudential supervision, while explicitly excluding state entities, foreign aid agencies, and insurance firms from the credit institution classification.
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