Regulatory Alerts2016-11-15
Instruction No. 034-11-2016 on the Accounting Treatment of Third-Party Operations
The Governor of the Central Bank of West African States (BCEAO) issued Instruction No. 034-11-2016 to mandate specific off-balance sheet accounting treatments for third-party operations, including loan establishment, claim management, and securities administration. Subject institutions must record fund provider resources in class 1 or 2 deposit accounts, reverse entries upon disbursement and repayment, and track securitized claims and client securities portfolios at acquisition value. This Instruction supersedes all prior regulations on the matter, taking effect on January 1, 2018 to standardize financial reporting across the UEMOA banking sector.
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