Decision No. 357-11-2016 establishing the Revised Banking Chart of Accounts of the UMOA

WEST AFRICAN MONETARY UNION
The Governor

DECISION NO. 357-11-2016 ESTABLISHING THE REVISED BANKING CHART OF ACCOUNTS OF THE UMOA

The Governor of the Central Bank of West African States (BCEAO),

Having regard to the Treaty of the West African Monetary Union (UMOA) of January 20, 2007, particularly Article 34 thereof;

Having regard to the Statutes of the Central Bank of West African States (BCEAO), annexed to the UMOA Treaty of January 20, 2007, particularly Articles 30, 31, 32, 33 and 34 thereof;

Having regard to the Uniform Law on Banking Regulation, particularly Articles 50, 51, 52, 53 and 54 thereof,

DECIDES

Article 1
A Revised Banking Chart of Accounts of the UMOA, abbreviated as BCA, is hereby established, annexed to this Decision and forming an integral part thereof.

Article 2
The provisions of the BCA are specified and supplemented by BCEAO instructions.

Article 3
As of the 2018 financial year, the accounting of banks and financial institutions of a banking nature, hereinafter referred to as credit institutions, shall be organized and maintained in accordance with the provisions of the BCA and its implementing instructions. From 2018, credit institutions must also prepare semi-annual financial statements, in addition to annual financial statements.

Avenue Abdoulaye FADIGA
BP 3108 - Dakar - Senegal
Tel: (221) 33 839 05 00 / Fax: (221) 33 823 93 35 www.bceao.int

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Article 4
General accounting provisions are applicable to credit institutions when they are not in conflict with those of the BCA and its implementing instructions.

Article 5
This Decision repeals and replaces all previous contrary provisions, notably the UMOA Banking Chart of Accounts of August 16, 1994, which took effect on January 1, 1996. It enters into force on January 1, 2018, and shall be published wherever necessary.

Done in Dakar, November 15, 2016

Tiémoko Meyliet KONE