Regulatory Alerts2023-10-27
Instruction No. 004/2023-CSBF of October 27, 2023 on the Reporting Obligations of Insurance Companies
The Banking and Financial Supervision Commission (CSBF) of Madagascar issued Instruction No. 004/2023-CSBF to establish comprehensive reporting obligations for insurance and reinsurance companies. The directive mandates the submission of monthly, quarterly, and annual financial statements, detailed statistical control statements, and supplementary governance documents within strictly defined deadlines. Compliance is enforced through a mandatory electronic tele-declaration system, with publication requirements for audited annual accounts and disciplinary sanctions for non-compliance.
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