Regulatory Alerts2026-04-17
Standard on the Transmission of Financial Statements, CEC Activity Reports, and General Statistics
The Bank of the Republic of Haiti (BRH) issued Circular No. 7-1 to mandate the quarterly and annual transmission of financial statements, interim reports, and general statistics by Savings and Credit Cooperatives (CECs) and their Federations (FCECs). The circular establishes strict reporting deadlines, defines required consolidated and audited financial documents, and designates the BSA electronic system as the mandatory transmission channel. Non-compliance triggers escalating sanctions, including daily fines of 200,000 gourdes, temporary suspension of board officers, and automatic penalty deductions from federation accounts, with the regulation taking effect on January 5, 2026.
Share