Regulatory Alerts2017-12-22
Instruction No. 001-DSP/2017 Amending Certain Provisions of Instruction No. 001-DSP/09 dated September 22, 2009 on the Operation of the Automated Clearing and Settlement System
The Central Bank of Madagascar issued Instruction No. 001-DSP/2017 to amend Article 17 and Part 3 of its September 2009 clearing and settlement framework, raising the maximum teleclearing transaction limit to 100 million Ariary effective April 2018 and clarifying operational responsibilities between the Bank and payment system participants. The revised Part 3 designates the Central Bank as the primary domain administrator, password distributor, and system operator while assigning participants responsibility for their own servers, workstations, backups, and compliance with provider security standards. All hardware must meet prior approval requirements for new installations or relocations, and participants assume operational liabilities under supplier contracts governing the teleclearing and RTCS systems.