COBAC Regulation R-93/01 Maintains Sectoral Accounting Plan for Banks and Financial Institutions and National Reporting Requirements

COBAC REGULATION R-93/01 MAINTAINS IN FORCE THE SECTORAL ACCOUNTING PLAN FOR BANKS AND FINANCIAL INSTITUTIONS AND NATIONAL REGULATIONS REGARDING THE LIST, CONTENT, AND TRANSMISSION DEADLINES FOR DOCUMENTS SUBMITTED TO BANKING SUPERVISORY AUTHORITIES

The Central African Monetary Commission, convened on January 22, 1993, Having regard to the Monetary Cooperation Convention of November 22, 1972; Having regard to the Convention of October 16, 1990 establishing a Central African Monetary Commission; Having regard to Article 9 of the annex to the Convention of October 16, 1990; HAS DECIDED:

Article 1 Credit institutions defined in Article 2 of the Annex to the aforementioned Convention of October 16, 1990 shall remain subject, until the adoption by the Central African Monetary Commission of new provisions on each matter: a) to the application of the sectoral accounting plan for banks and financial institutions adopted by the Council of Heads of State of the Customs and Economic Union of Central African States by Act No. 4/79-UDEAC-188; b) to national regulations governing, upon the entry into force of the Convention of October 16, 1990, the list, content, and transmission deadlines for documents and information submitted to the bodies responsible for supervising banking activities.

Article 2 This regulation shall be notified to the Ministers responsible for Finance and Credit, as well as to all accredited credit institutions in the Central African States and their professional associations.

Article 3 The Secretary General of the Central African Monetary Commission is responsible for implementing this Regulation.

For the Central African Monetary Commission The President, Jean-Félix MAMALEPOT