Regulatory Alerts2025-08-01
BCEAO Instruction No. 12-07-2025 on Holdings with Banking Correspondents Outside the UEMOA for Current Needs
The BCEAO issued this Instruction on July 7, 2025 to require approved intermediaries to electronically submit daily statements and a corresponding current needs declaration form by the first business day following the statement date. The directive mandates that these forms follow the model in Annex 2 and replaces all prior cross-border holding rules, specifically the July 13, 2011 directive governing credit institutions' accounts with banks outside the UEMOA. It enters into force on August 1, 2025 and is published as necessary across the jurisdiction.
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