Regulatory Alerts2000-01-26
COBAC Instruction I-99/03 Implementing the Collection, Processing and Reporting System for Banks and Financial Institutions in Regulatory States
The Central African Banking Commission (COBAC) issued Instruction I-99/03 to mandate credit institutions and financial entities in regulatory states to submit monthly or quarterly regulatory statements using the newly established CERBER collection, processing, and reporting system. The instruction defines the required accounting correspondence, file specifications with consistency checks, and standardized templates prepared by COBAC’s General Secretariat. It supersedes thirteen prior directives (I-93/01 to I-93/13, I-99/01, and I-99/02) and took effect on April 1, 2000.
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