Regulatory Alerts2020-02-01
BCRG Instruction No. I/DGSIF/DSIMF/09/2018 on Accounting and Financial Transparency Standards for Inclusive Financial Institutions
The Central Bank of the Republic of Guinea (BCRG) issued Instruction No. I/DGSIF/DSIMF/09/2018 to establish mandatory accounting and financial transparency standards for Inclusive Financial Institutions, including Microfinance Institutions, Electronic Money Institutions, and Postal Financial Services. The directive mandates specific financial statement formats, strict provisioning rules for distressed loans based on delinquency periods, standardized quarterly and monthly reporting templates, and rigorous statutory auditor certification procedures to ensure accuracy and prudential compliance. It further prescribes a detailed national accounting chart, defines capital and equity classifications, and outlines precise timelines and submission requirements for all regulatory disclosures.