Regulatory Alerts2017-10-02
COBAC Regulation R-2017/04 on the Organization of Sessions
The Central African Monetary Commission (COBAC) issued Regulation R-2017/04 to formally organize the procedures for its ordinary, extraordinary, and disciplinary sessions. The regulation establishes detailed rules for session convocation, agenda preparation, quorum requirements, voting mechanisms, and remote participation, while introducing a home consultation procedure for urgent decisions. It further standardizes the disciplinary process by defining grievance handling, hearing protocols, defense rights, and post-session instrument formalization, thereby replacing prior convocation and hearing regulations to ensure consistent regulatory oversight.
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