Regulatory Alerts2018-06-27
Circular No. 001/2018-CSBF on the Conditions for Tele-declaration of Periodic Statements by Credit Institutions
The Banking and Financial Supervision Commission (CSBF) of Madagascar mandates that credit institutions submit their periodic financial statements electronically through a secure tele-declaration system managed by the CSBF General Secretariat. Effective for declarations as of end-June 2018, institutions must adhere to pre-established templates and a user guide, maintain data confidentiality, and transmit reports within 15 days of the closing date (or MFI-specific deadlines), while submitting reasoned requests for late filings. This Circular supersedes the August 2005 regulations and empowers the CSBF to request additional documents via the system, taking immediate effect upon signature.
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