Regulatory Alerts2015-12-30
BCEAO Instruction 014-12-2015 on Annual Account Reporting by Credit Information Bureaux
The Governor of the Central Bank of West African States (BCEAO) issued Instruction 014-12-2015 to establish the submission procedures and deadlines for annual accounts of Credit Information Bureaux. The Instruction mandates that finalized financial statements—including the balance sheet, income statement, and cash flow statement—be submitted in three paper copies and one electronic copy by 30 June, following a 30 April financial year-end. Non-compliance with these reporting requirements and formatting standards is subject to sanctions under the UMOA Uniform Act on Credit Information Bureaux.
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