Regulatory Alerts2007-01-01
Instruction No. Q 19 GR/07 on Financial Cooperatives
The Central Bank of Mauritania issued Instruction No. Q 19 GR/07 to establish the specific organizational framework, governance structure, and operational rules for financial cooperatives. The regulation mandates the establishment of key governing bodies—including a General Assembly, Board of Directors, Supervisory Council, and Credit Committee—while defining capital requirements, membership rights, executive liabilities, and network solidarity mechanisms. It further standardizes financial flows, credit delegation, dispute resolution, and reporting obligations to ensure prudential compliance and transparent management across affiliated microfinance institutions.
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