Regulatory Alerts2024-02-07
Instruction No. 002-DOM/24 amending certain provisions of Instruction No. 004-DOM/19 of May 3, 2019 establishing the Platform for Monetary and Interbank Operations
The Central Bank of Madagascar issued Instruction No. 002-DOM/24 to amend Article 9 and Annex I of its 2019 directive establishing the Platform for Monetary and Interbank Operations (POMI). The amendment mandates that permanent facility requests be submitted online via POMI between 12:00 and 15:30, with system-displayed timestamps serving as the sole authoritative reference for processing. It further updates monetary policy tender procedures by setting submission deadlines at 10:00 for normal and 14:00 for fast calls, capping eligible bids at five per institution, requiring irrevocable electronic confirmations, and defining strict collateral registration windows and holiday settlement protocols.
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