Regulatory Alerts2018-10-05
Instruction No. 001-DSP/2018 of October 5, 2018 on the Closure of the Manual Clearing House of Antananarivo
The Governor of Banky Foiben’i Madagasikara issued Instruction No. 001-DSP/2018 to definitively close the Antananarivo manual clearing house effective November 2, 2018. The directive mandates that the exchange of instruments ineligible for the Telecompensation system be governed by a local recovery convention among participating members. Additionally, it repeals all provisions of the April 28, 2016 instruction that previously regulated manual clearing houses outside Antananarivo and defined the operating procedures for the Antananarivo facility.
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