Regulatory Alerts2016-11-15
BCEAO Instruction 029-11-2016 on Accounting and Valuation of Securities Held by Credit Institutions
The Governor of the BCEAO issues Instruction 029-11-2016 to mandate the accounting classification and valuation of securities held for own account by credit institutions in the UMOA region. The regulation establishes four primary categories—trading, investment, held-to-maturity/portfolio, and long-term—defining specific recognition criteria, measurement methods, and impairment rules for each. It further regulates the conditions for reclassification between categories and the determination of market values to ensure consistent financial reporting.
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