Regulatory Alerts2026-04-17
STANDARD ON THE MANAGEMENT OF INVESTMENTS OF SAVINGS AND CREDIT COOPERATIVES (CEC)
Issued by the Banque de la République d’Haïti (BRH), this standard mandates Savings and Credit Cooperatives (CECs) to strictly limit investment risk exposure by capping total investments at 70% of equity, prohibiting holdings in foreign entities and stock-exchange-traded shares, and requiring mandatory impairment provisioning for durable value declines. It establishes a one-year transitional period for non-compliant portfolios, enforces semi-annual portfolio reporting to the central bank, and dictates specific accounting treatments for impairment provisions. Violations, including failure to restore impaired provisions or exceed investment thresholds, trigger administrative sanctions under Articles 139 and 140 of the June 26, 2002 Law, which must be formally addressed during the CEC’s annual general meeting.