Regulatory Alerts2005-06-01
Instruction No. 002/05-CSBF on the Conditions for Periodic and Annual Accounting Closure and the Publication of Financial Documents by Credit Institutions
The Banking and Financial Supervision Commission (CSBF) of Madagascar issued Instruction No. 002/05-CSBF to establish the procedural and publication requirements for the periodic and annual accounting closure of licensed credit institutions. The instruction mandates specific submission timelines, formats, and transmission channels to the Central Bank and CSBF General Secretariat, while distinguishing reporting thresholds for microfinance institutions with or without a central body. It further requires the official publication of approved annual accounts in the Official Journal and national press within 45 days, subject to statutory auditor reports and prudential compliance controls.
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