Regulatory Alerts2007-10-21
Law on Savings and Credit Cooperatives
The Legislative Body of Haiti enacted this law to regulate the constitution, organization, and supervision of Savings and Credit Cooperatives (CECs) to ensure depositor security and financial stability. The law establishes the Banque de la République d’Haïti and the National Council of Cooperatives as the primary regulatory and supervisory authorities, defining their roles in licensing, auditing, and enforcing compliance. It sets strict requirements for capitalization, membership, governance structures, and operational limits to safeguard the cooperative sector's integrity.
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