Regulatory Alerts2025-02-01
Regulation No. 1/2022 of April 14, 2022 Governing Participation in the Burundi Integrated Payment and Settlement System (SIPREBU)
Issued by the Bank of the Republic of Burundi (BRB), Regulation No. 1/2022 establishes the mandatory operational framework, access conditions, and participant obligations for the Burundi Integrated Payment and Settlement System (SIPREBU). It defines direct, indirect, and sub-participation models, mandates real-time gross settlement (RTGS) and automated clearing house (ACH) processing, and outlines strict rules on payment priority, queue management, intra-day liquidity facilities, and irrevocability of settled orders. The regulation further assigns the Central Bank comprehensive oversight, security governance, and lender-of-last-resort functions to ensure systemic stability, while detailing fee structures, sanctions, and dispute resolution mechanisms for all financial institutions operating within the national payment infrastructure.