Regulatory Alerts2016-11-15
BCEAO Instruction No. 035-11-2016 on the Preparation and Publication of Individual and Consolidated Financial Statements
The Governor of the Central Bank of West African States (BCEAO) issued Instruction No. 035-11-2016 to mandate the preparation, submission, and publication of annual and interim individual and consolidated financial statements by banks, banking-type financial institutions, and financial companies within the UMOA. The Instruction standardizes reporting timelines, requiring certified annual statements to be submitted by 30 June and semester-end statements within two to three months, while specifying mandatory components such as balance sheets, income statements, cash flow statements, auditor reports, and management reports. It repeals all prior conflicting provisions, establishes uniform accounting standards aligned with the Revised UMOA Banking Accounting Plan, and takes effect on 1 January 2018.